TP SA offers employees a pension plan to prevent plunge in share prices
In an effort to stop workers from selling off their employee shares in
Telekomunikacja Polska S.A. (TP SA) on the stock exchange, the management
of the company is offering them a pension plan. On November 8, TP SA
employees will become eligible to sell zl. 5 billion worth of shares on
the Warsaw Stock Exchange (WSE), which could rock TP SA's listings. The
management is encouraging them to put their shares in a fund rather than
sell them. However,brokerage house BDM PKO BP analyst Radoslaw Solan says
the pension plan was drawn up too late and that it does not contain any
extra incentives for employees. Another problem is that many of the
employee shareholders are elderly, less affluent people just about to
retire, and thus are not interested in pension plan investment. (Prawo i
Gospodarka, p.11)
