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.
Mining / Quarrying Mining And Quarrying Extraction Of Crude Petroleum And Natural Gas 06 - Extraction of crude petroleum and natural gas
160 jobs Number of planned job losses
Announcement Date
11 July 2016
Employment effect (start)
Foreseen end date
31 December 2016
Description
Polish oil and gas company Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) has announced that about 160 jobs will be cut via voluntary dismissal programme in 2016. The restructuring programme is associated with the group’s plan to reduce its operation costs by PLN 223 million (EUR 50.57mn USD 55.89mn) in 2016. Besides dismissals, the company plans to sell some of its real estate assets. The cost of the voluntary dismissal programme are estimated to PLN 14-19 million (EUR 3.21-4.36 million USD 3.58-4.87 million).
PGNiG, subsidiary of PGNiG group, is the largest Polish oil and gas company employing 4,900 people. PGNiG group employs over 24,800 people across the country.
Sources
11 July 2016: Rzeczpospolita
Citation
Eurofound (2016), PGNiG, Internal restructuring in Poland, factsheet number 88266, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88266.
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