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.
On 1 August 2009 Krajowa Spółka Cukrowa, a producer of sugar, launched a voluntary redundancy scheme, covering its units around the country. The scheme is expected to run until 30 September 2009. The company plans to reduce its present workforce of 2,100 by 570. Employees who volunteer to leave the company will receive severance payments of PLN 80,000 (in addition to the statutory payment of between one and three times their monthly salary), cash equivalents for unused holiday time, anniversary bonuses, reimbursement of training costs, and subsidies towards setting up their own businesses.
Eurofound (2009), Krajowa Spółka Cukrowa, Internal restructuring in Poland, factsheet number 69376, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69376.