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.
Polish industrial boiler manufacturer Rafako has announced that it will cut up to 325 jobs via a collective dismissal programme at its facility in Racibórz. The programme will be implemented by the end of March 2018. The company has revealed the aim of the programme is to adjust its employment level to the current market situation, and improve financial and organisational effectiveness of the company. Rafako plans to replace some of its current activities with outsourcing.
It is estimated that this stage of the restructuring programme will help to generate annual savings of PLN 25 million (EUR 5.89 million USD 7.09 million) as of the second quarter of 2018. The first stage of reorganisation, which was completed at the end of January 2017, included a voluntary dismissal programme and affected 128 jobs. Currently, the company employs 2,255 workers.
Update 28/09/2017: After negotiations with the local trade unions, Rafako announced that the collective dismissal programme will affect up to 276 jobs and it will be implemented between 2nd October 2017 and 31th July 2018. The financial conditions of the programme are expected to be negotiated by the end of 2017.
Eurofound (2017), Rafako, Internal restructuring in Poland, factsheet number 92177, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92177.