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 US-owned aerospace manufacturer Pratt & Whitney announced that it will cut 300 jobs at its production facility in Rzeszów, Poland. The company has revealed that the first stage of the programme will affect only production staff; the second stage will be announced in the near future and will affect non-production staff (detailed information on the number of jobs to cut in the second stage has been not provided). The programme is related to the COVID-19 pandemic and to 80% decline in demand for products and services in the aviation sector. The conditions of the programme will be negotiated with the local trade unions; the programme was registered at the local employment agency in Rzeszów.
Currently, the factory in Rzeszów employs about 4,500 employees.
Updated, 14/10/2020:
The company announced the second stage of dismissals affecting up to 175 non-production staff. The source also reports that 303 jobs were cut under the first stage of the restructuring programme.
Eurofound (2020), Pratt & Whitney Rzeszów, Internal restructuring in Poland, factsheet number 101494, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101494.
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