Poland’s Czarne publishing houses to cut 2,000 jobs
PLO (AP) – Poland’s largest publishing house will cut 2:1 in total jobs and lay off 1,400 people as it works to revive its business, the company said on Thursday.
Poland’s CZARNE Publishing House said in a statement that the cuts will take effect at the end of July, with about 2,100 people laid off.
It said the cuts are necessary because it can no longer guarantee the profitability of its business.
CZRNE will be closing the offices of the Polish edition of The Economist and The Economist Express, the Polish newspaper said.
The Polish newspaper quoted CZARA Chief Executive Officer Jakub Skoropadski as saying the cuts were necessary to bring the company to profitability.
He said that CZARS revenue will be down to 0.5 percent from 2.1 percent.CZARENA publishes daily newspapers in the Netherlands, Germany, France and Italy.
It is also publishing a German-language version of its English-language publication, The Economist, which has been shuttered in Germany.
In the United States, CZARE Publishing, which is owned by the family of Polish Nobel Prize winner Wladyslaw Górski, has said it will close its offices in San Francisco and Baltimore, and will close all of its stores in the Chicago area.