Poland's ZChP to step up its job-cutting plan

11 August 2011 12:14  [Source: ICIS news]

LONDON (ICIS)--Zaklady Chemiczne Police (ZChP) aims to intensify plans to cut its workforce as part of its survival programme, Poland's second-largest fertilizer producer said on Thursday.

Previously, ZChP was aiming to cut around a fifth of its employees to achieve a total of 2,300 by 2014.

However, the company now wants to have between 1,900 and 2,000 employees by the end of next year, ZChP said.

ZChP will strive to mainly use voluntary redundancies to achieve the objective, while job cuts will be conducted in consultation with trades unions under a new collective bargaining agreement signed in May, it added.

The company, a producer of multi-component fertilizers and titanium dioxide (TiO2), is set to become part of the Zaklady Azoty Tarnow (ZAT) group, under a consolidation of state-held Polish chemical firms that will create Poland's largest group of chemical companies by revenue.

Once the consolidation is complete, the Polish treasury ministry aims to privatise the group, along with other state-owned chemical industry assets.

For more on fertilizers visit ICIS pricing fertilizers

By: Will Conroy
+44 20 8652 3214

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