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.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
600 jobs Number of planned job losses
Announcement Date
14 July 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
Powszechny Zakład Ubezpieczeń (PZU), the insurance group, is to dismiss up to 600 workers in its central office in Warsaw by the end of 2009 after long-lasting negotiations with trade unions. According to previous unofficial information, PZU was planning to cut about 1500 jobs from its head office in Warsaw and from its various branches around Poland. According to management of PZU, the company is to cut up to 600 jobs only in its head office in Warsaw.
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