Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

300 jobs
Number of planned job losses
Job loss
Announcement Date
20 January 2005
Employment effect (start)
Foreseen end date

Description

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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61048.