Orange to suffer from labor agreements

Orange Polska, included in French telecoms group reckons costs related to its labour agreements may shrink its fourth-quarter gross profit by PLN 92 million, the company reported. Last month, Orange Polska signed a deal with a trade union, under which up to 2,050 employees may leave through a voluntary layoff program, with up to 1,030 people to quit this year. The company asserted that the costs will not affect its EBITDA.