LNM reaches an agreement with trade unions

LNM reaches an agreement with trade unions

According to a statement released from LNM Holdings NV, the company has reached an agreement with the trade unions of Polskie Huty Stali S.A (PHS) on social package. As previously reported by SteelOrbis, LNM Holdings N.V and the Polish government signed an agreement in October 2003 for privatization of PHS. The recent agreement with the trade unions is stated to be a significant step towards the completion of the deal between LNM Holdings and the Polish government.