Polska Grupa Górnicza

Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
NA
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05.10 - Mining of hard coal
600 jobs
Number of planned job losses
Job loss
Announcement Date
16 May 2016
Employment effect (start)
16 May 2016
Foreseen end date
31 December 2016

Description

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.

Sources

  • 16 May 2016: Gazeta Wyborcza

Citation

Eurofound (2016), Polska Grupa Górnicza, Internal restructuring in Poland, factsheet number 87655, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87655.