Warsaw (Puls Biznesu) – Optimus, Poland’s listed IT company, halves employment and hopes to get out of the red in June.
Optimus decided to withdraw from computer assembling services and focus on sales and marketing as well as research and development.
“Restructuring will be conducted in the first quarter”, Michal Lorenc, Optimus CEO said.
Production will be outsourced to a Polish company. The CEO estimates that out of 200 employees, half will be fired.
In 2004, Optimus had PLN 7.7m (EUR 2m) of net income but after three quarters of 2005, it had PLN 3.15m of loss. The CEO forecasts that in the first months of this year, the company will generate losses due to severance payments but in the middle of the year will come out of the red.
(PLN 1 = EUR 0.262)