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.
Polish coal mining company Polska Grupa Górnicza (PGG) announced that it will cut 360 jobs throughout a collective dismissal programme due to internal restructuring. The programme is dedicated mainly to people with pension rights. The conditions of the programme will be negotiated with the local trade unions, and redundant workers will receive a severance pay according to their seniority. The cuts will affect both mining and administrative positions. It is announced the programme aims to increase financial effectiveness as the company is facing financial difficulties. The decreased demand for raw materials is also related to the transition in the energy sector.
PGG was founded in April 2016 to rescue the cash-strapped Kompania Węglowa (KW), Poland's biggest coal mining company which faced financial problem resulting from the crisis in Poland’s coal-mining industry (then PGG acquired 11 coal mines with 32,500 employees). Currently, PGG employs almost 40,000 people.
Eurofound (2020), Polska Grupa Górnicza, Internal restructuring in Poland, factsheet number 102588, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102588.
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