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.
PZL Swidnik, a manufacturer of helicopters and aviation parts, internal restructuring plan and will cut its workforce by 450 jobs. According to some press reports published in June, about 90 jobs were cut by measures other than direct dismissals: 70 employees left their jobs voluntarily and 20 have already acquired early retirement benefits. The rest is said to be laid off. Earlier this year the company announced a voluntary dismissals program, but fewer workers accepted it than expected (300) leading to the decision to introduce collective dismissals. The restructuring process is being implemented by AugustaWestald, a new owner of the factory.
Eurofound (2010), PZL Swidnik, Internal restructuring in Poland, factsheet number 70748, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70748.