We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » June 23, 2014
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Ciech chemicals unit plans group lay-offs
June 23, 2014   
Article's tools:
Print

Chemicals group Ciech launched group redundancies at its Organika-Sarzyna unit and plans to lay off up to 90 persons by end-November, the firm said in a market filing.

"The reason of the planned group lay-offs is especially the need to introduce organizational changes without additional investments," the filing reads. "[The changes] are aimed at increasing labor efficiency."

Layoffs will take place from July 28 to November 30, 2014, the firm said.

Organika-Sarzyna has been an acquisition target of chemicals firm Pulawy, a unit of Grupa Azoty, and, more recently, of large-cap chemicals group Synthos. Ciech had voiced its intention to shed the assets, but the firm's new owner KI Chemistry, controlled by magnate Jan Kulczyk, wanted Organika-Sarzyna to remain in the Ciech group.
© The Warsaw Voice 2010-2013
E-mail Marketing Powered by SARE