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 65.1 - Insurance
152 - 350 jobs Number of planned job losses
Announcement Date
10 April 2015
Employment effect (start)
4 May 2015
Foreseen end date
2 June 2015
Description
The Management Board of Polish insurance company PZU SA has informed that together with its subsidiary PZU Życie SA and with the trade unions has signed an agreement specifying the terms and conditions of group layoffs. The programme will be implemented between 4th of May and 2nd of June this year. The severance pay will be paid according to employees' seniority. Up to 350 people will be affected by the restructuring, of which 152 employees of various professional groups will be affected by downsizing. The new dismissals are the next round of the large restructuring programme which has been in place since 2010.
PZU Group is a leader on the insurance market and one of the largest financial institutions in Poland.
Sources
10 April 2015: Puls Biznesu
11 April 2015: Wirtualnay Nowy Przemysł
Citation
Eurofound (2015), PZU SA, Internal restructuring in Poland, factsheet number 79435, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79435.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
