The lowest common denominator
ConstructionPOLAND The construction sector is plunging further into crisis. The recent problems of stock exchange-listed companies are only the beginning of a depressing cycle of more bankruptcies and redundancies. "The whole industry is faced with the prospect of really hard times. We expect a slight revival to occur only in the second half of 2014," claims Dawid Piekarz, the vice-president of the Polish Construction Employers Association. "We estimate that 100,000-150,000 people could lose their jobs," he says.
Time to start redundanciesMostostal Warszawa has already reached an agreement with its trade unions - 410 to 439 people are to leave the company by the end of January 2013. Meanwhile, nearly 1,700 people are to be made redundant from Strabag in 2012. There will also be lay-offs at Budimex. Job cuts are also expected in the companies of the PBG group that have already filed for bankruptcy. At the beginning of June, Polimex-Mostostal terminated its corporate collective labour agreement. Even though the president of the company, Konrad Jaskóła, explained that this is aimed at avoiding mass redundancies, the workforce of the firm is increasingly apprehensive about the fact that there is no way of circumventing job cuts. In his statements to the media, Dariusz Blocher, the president of Budimex, admits that many thousands of people are to be laid off in the construction sector. "Nearly all the companies will be forced to restructure, more often in terms of a reduction in their workforce,"
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