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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.20 - Manufacture of railway locomotives and rolling stock
107 jobs Number of planned job losses
Announcement Date
23 July 2015
Employment effect (start)
1 August 2015
Foreseen end date
Description
PKP Cargotabor, subsidiary of the PKP Cargo group, has announced that 107 jobs will be cut through a voluntary redundancy programme by the end of July 2015. Redundant employees will receive a severance pay according to seniority. The company expenditures to cover the cost of this programme are estimated to PLN 6.4mn (EUR 1.51 mn USD 1.71 mn). The programme aims to improve financial and organisational effectiveness of the company. Currently, the company employs 2,400 people in 15 units across the country. PKP Cargotabor is one of the largest rolling stock companies in Europe.
Sources
23 July 2015: Wirtualnay Nowy Przemysł
Citation
Eurofound (2015), PKP Cargotabor, Internal restructuring in Poland, factsheet number 84523, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84523.
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