PGNiG to slim down workforce more than expected

Parkiet has learned that Polish Oil and Gas (PGNiG) is planning to slash its labor force by a further 3,000 this year. This means that the number of employees earmarked to go is double the original 1,500 published in the company restructuring plan which was presented two years ago. Last year 10,000 employees were sacked with redundancy payments totalling zl. 100 million. According to Parkiet, the company has already informed the Economy Ministry about the move and the Ministry demanded that PGNiG find new jobs for those it wants to lay off in firms it cooperates with. This might be difficult as the PGNiG capital group will be down-sized under the 2002 government approved project to restructure and privatize the oil sector which means it will have to sell several of its companies. (Parkiet, p. 3) J.K.