1/04/2008

Poland's Pulawy says pay deal with unions no threat to full-year guidance

Poland's chemicals producer Pulawy expects forecasts for the current financial year to be unaffected by a pay deal which raises wages by an estimated 20 pct, daily Parkiet reported today citing the company's spokesman.

In late December state-controlled Pulawy agreed with its unions to pay out around 14 mln zlotys more to its workers in the financial year ending June 30 than a year earlier, Parkiet reported today without giving sources.

The company declined to disclose the details of the pay deal.

'The agreement doesn't in any way affect this year's financial guidance,' the newspaper quotes Grzegorz Kulik as saying.

Pulawy expects a net profit of 141.6 mln zlotys on 2.28 bln in sales this financial year.

Source:By Piotr Skolimowski, forbes.com



Flights to Poland

Novea - Business in Poland