Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
All Poland
Sector
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
Job loss
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 Przemys┼é

Citation

Eurofound (2015), PKP Cargotabor, Internal restructuring in Poland, factsheet number 84523, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84523.