PKP completes restructuring with creation of new cargo handling entity

Polish State Railways (PKP) has finalized its restructuring, under which it has been divided into several smaller units. The process, which began at the end of June, has already spawned PKP Intercity, handling long-distance and i nternational routes, and PKP Polish Railways, responsible for the country's railway infrastructure. The restructuring has now been completed, with the l aunch of PKP Cargo SA. The new company, which has received assets valued at zl.2.5 billion, will employ around 50,000 workers. PKP SA will continue for another financial year to supervise all the financial affairs of the new com panies. (Prawo i Gospodarka, p. 5) M.T.K.