Steel industry unconvinced by Treasury Minister's restructuring proposals
The Treasury has launched a bid to take over responsibility for the steel se
ctor from the Economy Ministry. "We cannot go on like this, with the Economy
Ministry supervising the sector and the Treasury Ministry privatizing it," T
reasury Minister Wieslaw Kaczmarek commented. Kaczmarek also said he support
s expanding the scope of the steel sector restructuring so that the new Pols
kie Huty conglomerate would consist of not only the Katowice, Sendzimira, Ce
dler and Florian steelworks, but also other companies in the sector. Industr
y insiders, however, are not convinced by the plan. Former chairman of Huta
Katowice, Miroslaw Wrobel, supports the idea of privatizing the plants indiv
idually. Another expert quoted by Puls Biznesu suggests using the example of
other countries. "British Steel, once a private company, was nationalized. T
he government carried out the restructuring, then the concern was privatized
," the anonymous insider said. (Puls Biznesu, p. 7) M.T.