Restructuring events
European Restructuring Monitor (ERM)
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.
Przewozy Regionalne (PR), the Polish regional passenger train operator, has announced that up to 2,000 positions will be cut via voluntary dismissal programme within next two years. The programme will affect employees from the departments of technical maintenance and train teams. The conditions of the restructuring programme have been negotiated with the local trade unions. The redundant workers will receive severance pay amounting 12 months’ wages. The company estimates the programme will costs PLN 107 mn (EUR 25.38mn USD 28.78mn). The programme is a part of larger restructuring plan of company aiming at increasing financial effectiveness.
Eurofound (2015), Przewozy Regionalne, Internal restructuring in Poland, factsheet number 85004, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85004.