Polish Airports continues layoffs

State-owned airport operator Porty Lotnicze (Polish Airports) will lay off 300 people before the end of this year, the company’s director Michał Kaczmarczyk was quoted as saying in a press release. Some 500 people have been already laid off as part of the firm’s restructuring. The employment restructuring is expected to reduce operating costs by some PLN100 million annually, Kaczmarczyk said. “We see this operation as an investment. I estimate the payback period to be two and a half or three years,” the director added.