Staff of Pekao and Bank BPH fear lay offs after merger

The meeting is a result of a letter sent by UCI representatives to the employees of the Polish banks, in which UCI president Alessandro Profumo tried to calm the workers down claiming they should not fear the merger. However, the letter did not disclose the future structure of the financial holding, and therefore the employees felt threatened. "We want to work out a common stance concerning the merger. We are thinking about what our cooperation could look like," said Andrzej Olejnik, the leader of NSZZ Solidarity's banking division. The employees' representatives' main target is to minimize layoffs and defend the rights of the current 16,000 strong workforce in Pekao and 10,000 in Bank BPH. (Puls Biznesu, p. 7) A.K.