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.
General Motors Poland has announced that it is to cut 250 jobs (out of 2,850) from its factory in Gliwice by the end of 2009. Some 100 workers of the Gliwice plant accepted to take part in the voluntary redundancy programme in 2008.
A voluntary redundancy programme is usually structured by way of negotiations between a company's management and trade unions. It provides for relatively large severance benefits for employees who volunteer to leave their jobs (in some cases, up to 10 times the employee's monthly salary), and it may also offer retraining assistance or other benefits. By comparison, employees whose employment is terminated subject to the general provisions of the Polish Labour Code and of the legislative Act regarding group redundancies receive severance benefits of up to 3 times their monthly remuneration, depending on their time spent in employment.
Eurofound (2009), General Motors, Internal restructuring in Poland, factsheet number 68074, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68074.
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