Poland’s energy market could save up to PLN 0.5bn thanks to an aggressive restructuring program planned for the sector. According to the business server forsal.pl, cost-cutting measures for Tauron alone could reach PLN 0.25bn. “We won’t able to increase the value of the company in this difficult economic environment without decisive action,” said Krzysztof Zawadzki, the energy provider’s vice president. This is the company’s main goal for the next two years, he added.
Touron announced it plans to save up to PLN 635bn under its 2013-2015 strategy, which involves mass layoffs. A total of 1,600 employees will be laid off. Touron currently has more than 2,000 workers, which analysts at DM BZ WBK claim is too much, compared to energy companies in Germany, Great Britain, Russia, the Czech Republic and Bulgaria.
