Treasury Ministry prepares consolidation of Polfa with PHF

"On Friday after an analysis of documents concerning the hitherto activities of the holding, we will propose that the minister alters the governmental program for PHF. The best solution would be to merge Polfa Warszawa, Pabianice and Tarchomin into one entity. It should have been done straight away," said an informer from the Ministry. "I have not seen any signed document which would prove that the minister has officially taken a decision, but it is obvious that we are working on this concept. This is the only feasible solution," said Irmina Jabłońska, president of the supervisory board of PHF. Discretion on this issue is related to the expected strong opposition from trade unions. "The holding can also be "transformed" from financial to operational," said an employee of the Treasury. (Puls Biznesu, pp. 1, 7) M.M.