Solidarity spells out KGHM share scheme grievance in senior politico circular

Solidarity trade unionists at copper mining concern KGHM have written to Prime Minister Marek Belka, Treasury Minister Jacek Socha and Sejm Speaker Józef Oleksy, in addition to other influential politicians, to protest against plans to reduce the government's stake in the company, claiming that such a move could bring an end to the country's copper mining industry. At present, the government controls a 49.4% stake in KGHM, but now it plans to use its shares in the firm to raise capital for various state-owned companies and agencies, such as the Kompania Węglowa coal conglomerate. (Parkiet, p. 3) J.J.