Polkomtel to cut costs by zł.200 million within two years

The times of great prosperity have ended and it is envisaged that revenues will no longer increase as rapidly as they had been. That is why Polkomtel hopes that this program will help save zł.200 million by 2008, with the first results to be visible even this year. Such a large sum could boost its net profit by as much as 20% as last year the net profit was zł.1.05 billion. The cost cutting program is called PEK and contains 140 initiatives such as reducing expenditure on IT and its CRM system. Polkomtel also wants to increase the use of outsourcing. According to Computerworld magazine, the cutbacks could result in the loss of 800 jobs. However, Bauc assures that the company is not planning to sack anyone. PEK is to ensure that Polkomtel has the lowest cost to revenue structure among mobile phone operators in Poland. (Puls Biznesu p. 6) M.M.