Ster-Projekt's fateful financial year

The changes proposed on Friday include focusing on supplying IT systems with tightened security, reliability and confidentiality. To help achieve its new goals Ster Projekt plans to rebuild its sales department at the cost of some already existing department, which translated into plain English means lay-offs. For a start, it has shrunk the board of directors from 6 to 4 and in longer run plans to outsource its financial and accounting departments. The news was not welcomed by investors who started to sell their shares, which depressed Ster-Projekt's share price by 8.5% in Friday's trade. (Parkiet p. 3) M.G.