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.
PKP Cargo, Poland's largest railway freight transport operator, has announced the restructuring programme which will affect around 3,000 jobs by the end of January 2015. Initially the number of beneficients of the announced Voluntary Dismissal Programme was estimated to reach 1,300. However, 3,300 workers enrolled to the Programme eventually. Under this Programme all employees of PKP Cargo and PKP Cargotabor, who decided to resign from employment, will be offered the severance pay of up to 36 months' salaries. The company expenditures to cover the cost of this programme are estimated to PLN 301 million (EUR 69.5 million).
PKP Cargo Group is second largest railway freight transport operator in Europe. The Group employs around 26,000 people across Poland.
Eurofound (2014), PKP Cargo, Internal restructuring in Poland, factsheet number 77952, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77952.