Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
NA
Sector
Utilities
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35.1 - Electric power generation, transmission and distribution

5,000 jobs
Number of planned job losses
Job loss
Announcement Date
17 January 2012
Employment effect (start)
17 January 2012
Foreseen end date
31 December 2014

Description

PGE Polska Grupa Energetyczna, a Polish electricity producer and supplier, announced a restructuring programme for 2012-2014 which will result in the loss of 5,000 jobs. The job cuts will be carried out through voluntary departures in all companies within the group.

The redundant workers will receive a severance pay (average severance pay will be about 110,000 PLN). The restructuring is motivated by the need to improve financial and organizational effectiveness.

PGE employs 46,000 people across Poland.


Sources

  • 17 January 2012: Wirtualny Nowy Przemys┼é ()
  • 17 January 2012: Gazeta Prawna ()

Citation

Eurofound (2012), PGE, Internal restructuring in Poland, factsheet number 73489, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73489.