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.
The recently established Polish coal mining company Polska Grupa Górnicza (PGG) has announced that it will cut 600 jobs via a collective redundancy programme by the end of 2016. The programme is aimed at employees who acquired early retirement rights. The programme is a part of a larger restructuring programme. PGG has announced that it will merge 11 coal mines into 5, in order to simplify the structure of the group and improve its effectiveness.
PGG was founded in April 2016 to rescue the cash-strapped Kompania Węglowa (KW), Poland's biggest coal mining company which is facing financial problem resulting from the crisis in Poland’s coal-mining industry. PGG has acquired 11 coal mines with 32,500 employees.
Eurofound (2016), Polska Grupa Górnicza, Internal restructuring in Poland, factsheet number 87655, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87655.
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