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.
On 4 January 2011, the largest coal mining company in Europe Kompania Węglowa announced a restructuring plan for 2011 which will result in 2,500 job losses. The coal mining giant announced that 4,400 miners will leave the company on early retirement scheme while 1,881 persons will be recruited during 2011. Around 540 of new recruits will be coal mining school graduates, who have a guarantees of employment. Such guarantees are usually the result of contracts signed between companies and schools. The new recruits will replace some of those leaving the company. This type of restructuring plan, when young graduates replace older workforce via natural attrition, is the new national employment strategy for 2010 - 2014.
KW accounts for around 30% of European coal production and employs 61,500 people in 15 mines.
Eurofound (2011), Kompania Węglowa, Internal restructuring in Poland, factsheet number 71392, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/71392.