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.
Eurocash Group, the largest Polish company in wholesale distribution of fast-moving consumer goods (FMCG), announced that it will implement a collective dismissal programme affecting up to 1,000 positions across Poland within the next two years. The terms of agreement were signed with the local trade unions at the beginning of June 2020. The move is connected with the distributor's efforts to optimise the structure of the group and adjust it to expected challenges, with some of its businesses facing consolidation, others restructuring.
In Poland, Eurocash has operated for 25 years. Currently, the Group employs 24,000 people across the country, including 1,700 staff hired in the company’s stores, wholesales and distribution centres between April and June 2020 (the programme was announced in April 2020). Every day, Eurocash delivers products to over 80,000 stores.
Eurofound (2020), Eurocash Group, Internal restructuring in Poland, factsheet number 101075, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101075.