PZU

Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
230 jobs
Number of planned job losses
Job loss
Announcement Date
9 September 2014
Employment effect (start)
1 October 2014
Foreseen end date
30 November 2014

Description

Polish insurance company PZU Group announced a collective dismissal programme affecting 230 jobs. The programme will be implemented from October until 30 November 2014 in two companies of the group: PZU ( Powszechny Zakład Ubezpieczeń) and PZU Życie. Redundant employees will receive a severance pay. Currently, PZU negotiates with the local trade unions about the conditions of the programme.

PZU Group is a leader on the insurance market and one of the largest financial institutions in Poland.

For previously announced restructuring events see 2013, 2012, 2011a, 2011b and 2010.

Sources

  • 9 September 2014: Gazeta Wyborcza
  • 9 September 2014: Bankier

Citation

Eurofound (2014), PZU, Internal restructuring in Poland, factsheet number 77529, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77529.