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.
PLL Lot, Polish airlines, announced its savings plan for 2005. Apart from reducing employment, the company will sell assets that are not related to its primary operations. Lot plans to cut operational costs by 300 million zlotys.
Sources
20 January 2005: Rzeczpospolita
Citation
Eurofound (2005), PLL Lot, Internal restructuring in Poland, factsheet number 61048, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61048.