Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
NA
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.20 - Freight rail transport

874 jobs
Number of planned job losses
Job loss
Announcement Date
20 June 2015
Employment effect (start)
1 July 2015
Foreseen end date

Description

PKP Cargo, Poland’s largest railway freight carrier, will reduce its employment by cutting 250 positions. The voluntary dismissal programme will be in place by the end of June 2015. The company will spend around PLN 19.7 mn (EUR 4.76 mn USD 5.23 mn) to cover expenditures related to this programme. PKP Cargo Group is second largest railway freight carrier in Europe.

 

Update (20/06/2015): PKP Cargo has announced that 874 employees entered to the voluntary dismissal programme (initially this number was estimated to reach 250). It is estimated that PKP Cargo will spend PLN 64.60mn (EUR 15.47mn USD 17.28mn) on redundancy packages. The sources report that the number of employees willing to leave turned out to be higher than initially expected, and around 320 of applications were rejected.


Sources

  • 11 May 2015: Gazeta Wyborcza
  • 20 June 2015: Wirtualny Nowy Przemysł
  • 1 July 2015: Rzeczpospolita

Citation

Eurofound (2015), PKP Cargo, Internal restructuring in Poland, factsheet number 83638, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83638.