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 airport management company Przedsiębiorstwo Państwowe ‘Porty Lotnicze’ (‘Polish Airports’ State Enterprise) announced that it will cut 500 jobs. According to the sources, the collective dismissal programme is part of a larger restructuring plan. The sources report that the restructuring programme will improve the financial and organisational effectiveness of the company. Trade unions had initially planned strike action but they have now agreed a deal with the company.
The sources report the value of the restructuring programme is estimated to exceed PLN 250million, but Porty Lotnicze expects that it will reduce its annual costs by PLN 100 million. Additionally, the sources report that an additional 300 jobs are expected to be cut throughout the second stage of restructuring programme by the end of 2014.
Updated, 12/09/2014: As reported, additional 300 job cuts are planned by the end of 2014.
Eurofound (2014), Przedsiębiorstwo Państwowe ‘Porty Lotnicze’, Internal restructuring in Poland, factsheet number 77336, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77336.
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