Shortly after announcing that it was opening up its books to potential buyers, Netia’s board has revealed that it plans to cut 20 percent of its workforce. The communications company hopes it will raise its valuation prior to the sell off if it has a leaner workforce. Under the new strategy, as many as 519 employees would lose their jobs, with another 129 workers to be employed under new conditions. “We have already recognized the areas in which cuts will be introduced, though we have not yet selected the specific individuals,” says Karol Wieczorek from Netia’s press office, adding that the reductions are expected in the company’s largest departments.
