Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Polish manufacturer of helicopters and aviation parts PZL Świdnik has announced that will cut 120 jobs via collective dismissal programme at the production plant in Świdnik due to the ongoing Coronavirus pandemic and the lack of new orders. This means that a total of 210 jobs will be cut by the company as PZL Świdnik announced, in April 2020, that it will cut 90 temporary employees. Additionally, the company have reduced wages and working hours. According to the trade unions, the situation of PZL Świdnik is dramatic and the producer might have to face bankruptcy in 2021 unless it receives significant aid from the Polish government, with the funds currently available under the anti-crisis shield not being enough to help the company. The company also needs new governmental contracts.
PZL Świdnik was established in 1951. The company is owned by the Italian group Leonardo Helicopters. Currently, the company employs 3,000 people, in this case including 600 engineers.
Eurofound (2020), PZL Świdnik, Internal restructuring in Poland, factsheet number 100752, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100752.
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