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 carrier, will reduce its employment by cutting 250 positions. The voluntary dismissal programme will be in place by the end of June 2015. The company will spend around PLN 19.7 mn (EUR 4.76 mn USD 5.23 mn) to cover expenditures related to this programme. PKP Cargo Group is second largest railway freight carrier in Europe.
Update (20/06/2015): PKP Cargo has announced that 874 employees entered to the voluntary dismissal programme (initially this number was estimated to reach 250). It is estimated that PKP Cargo will spend PLN 64.60mn (EUR 15.47mn USD 17.28mn) on redundancy packages. The sources report that the number of employees willing to leave turned out to be higher than initially expected, and around 320 of applications were rejected.
Eurofound (2015), PKP Cargo, Internal restructuring in Poland, factsheet number 83638, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/83638.
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