Post office executive removed over restructuring plans

All restructuring processes within Poczta Polska have been suspended, following the dismissal of the man overseeing the company's strategy for development and restructuring. Marek Ciuraszewicz, the national post office's deputy director, was removed from his post by general director Jacek Turczynski. The move was supported by the Poczta Polska supervisory board. It is reported to have opposed Ciuraszewicz's plan to issue $300 million worth of bonds to finance the restructuring, although Deputy Minister of Telecommunications Jaroslaw Baranczak merely questioned the timing of the plan's announcement. He is quoted as saying, "Nobody informed us of this in time. So we decided to dismiss deputy director Ciuraszewicz and suspend the restructuring." The supervisory board says it will take a closer look at the restructuring process, and does not rule out further personnel changes. (Gazeta Wyborcza, p. 15) A.K.