Union "hot air" dismissed ahead of nitrogen plant floatation
Trade Union members at the Puławy Nitrogen Plant have accused managers of breaking a series of major agreements. Union bosses have sent an open letter to the Prime Minister, State Treasury Minister and the Supreme Board of Inspection claiming that Puławy president Zygmunt Kwiatkowski and his deputy Zenon Gruszecki are guilty of breaching the Labor Code, acting to the detriment of subsidiaries, breaking tender procedures and organizing expensive social meetings for VIPs. Commentators note that the list of accusations seems to grow longer as the company approaches the IPO. Kwiatkowski, however, denied the charges, saying that the company had performed well. Puławy posted results of zł. 150 million at the end of June and it is rated as the world’s third most important producer of a key component in the furniture and car industry. The company is planning to enter the WSE this year. (Puls Biznesu, pp.1,4) J.J.