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
630 jobs Number of planned job losses
Announcement Date
13 February 2013
Employment effect (start)
1 March 2013
Foreseen end date
31 May 2013
Description
Polish insurance company PZU announced a restructuring programme leading to 630 redundancies. The restructuring programme will affect over 3,000 employees, as the company will change conditions of employment for over 2,500 people in addition to the announced redundancies.
Currently, PZU negotiates with the local trade unions about the conditions of the programme.
The new dismissals are the third round of a large restructuring programme within the PZU group, which has been implemented since 2010 (see here and here). The programme aims at centralizing the administrative activities and reducing costs.
Sources
13 February 2013: Gazeta Wyborcza
13 February 2013: Rzeczpospolita
: ()
Citation
Eurofound (2013), PZU, Internal restructuring in Poland, factsheet number 74988, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74988.
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