PKP is struggling in the face of diminishing volumes caused by the global economic crisis, and last year it made its first ever loss with a deficit of Zlotys 176 million ($US 53.4 million). Traffic fell from 145 million tonnes in 2007 to 122 million tonnes last year, largely as a
result of falling demand for bulk materials and manufactured goods. PKP Cargo is expected to make up to 7,300 of 44,000 employees redundant this year.
The European Bank for Reconstruction and Development offered to buy a 25% stake in PKP Cargo in 2005, but this was declined by the government.
result of falling demand for bulk materials and manufactured goods. PKP Cargo is expected to make up to 7,300 of 44,000 employees redundant this year.
The European Bank for Reconstruction and Development offered to buy a 25% stake in PKP Cargo in 2005, but this was declined by the government.
