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.
Zakłady Chemiczne Police and the local trade unions signed a collective agreement envisaging 200 dismissals by end of 2011.
This agreement is the result of long and difficult negotiations between the board of Zakłady Chemiczne Police and the local trade unions. In December 2010, the board of Zakłady Chemiczne Police had announced a dismissal programme resulting in 600 job losses in 2011 (see factsheet 16448 http://www.eurofound.europa.eu/emcc/erm/factsheets/16448). Nonetheless according to the agreement signed on May 2011, the restructuring programme involving a total of 600 dismissals will continue until 2014 and only 200 administration staff will be redundant by the end of 2011.
In 2010, 206 people have been dismissed through voluntary exits.
Police is one of the largest Polish companies in the chemistry business, well known for manufacturing ammonia and acids as well as compound fertilizers.
The financial situation of the company has been improving since 2010, but it has still about 400 million PLN debts and this is the main reason for the ongoing restructuring programme.
Eurofound (2011), Zakłady Chemiczne Police, Internal restructuring in Poland, factsheet number 72089, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72089.