Warsaw, April 1 (RFE/RL) - The Polish government published advertisements in today's newspapers seeking bids for its
stake in the Gdansk shipyard.
The government owns 60 percent of shares in the shipyard, with the
remaining 40 percent owned by the shipyard employees. The shipyard is
more than 135 million dollars in debt.
Shipyard managers say that the South Korean Daewoo Group and Kvaener
AS of Norway may be among potential buyers.
If the sale does not materialize, the shipyard would have to enter
into negotiations with creditors and customers to reorganize the
company. The restructuring would involve major cuts in jobs - there
is talk that more than 40 percent of the current 7,300 labour force
will lose employment - and a sale of assets.
The Gdansk shipyard played an important role in Poland's recent
political history. It is there that Solidarity, the first independent
labor union in post-war Poland, was formed in 1980. The emergence of
the union eventually helped in the collapse of the communist