Play it again Sam: Treasury approves plan to nationalize Zelmer then privatize

Zelmer is Poland's appliance leader and remains close to the leading position on the European market. However, Zelmer has already been privatized and divided into 16 workers partnerships plus a partnership owned by the Treasury Ministry. The operation of these partnerships is supposed to be taken over by the state-owned partnership and then privatized as a whole. The restructuring program prepared by Zelmer manager Bozena Oborska has been approved by Treasury Minister Emil Wasacz. However, workers of the partnerships do not want to agree to such a deal for fear of loosing shareholder position and because of the possible unfavorable sale to a foreign investor. (Rzeczpospolita, page B3)