Type
Merger/Acquisition
Country
Poland
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

100 jobs
Number of planned job losses
Job loss
Announcement Date
8 February 2006
Employment effect (start)
Foreseen end date

Description

GTS Energis, which was founded in October 2005 when GTS bought 97.5% of Energis Polska, is finalizing its consolidation. 'Till spring we will be focusing on integration and changes inside the company. Then, we will be ready for further acquisitions, Tomasz Galas, GTS Energis deputy CEO said. The process should be ended in the first half of 2006. GTS Energis is to spend PLN 7.7 million for the merger, mainly for severance payments. Up to 100 jobs are expected to go in the process.


Sources

  • 8 February 2006: Puls Biznesu

Citation

Eurofound (2006), GTS Energis, Merger/Acquisition in Poland, factsheet number 62933, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62933.