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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Cultural And Recreation Goods In Specialised Stores 47.6 - Retail sale of cultural and recreation goods in specialised stores
570 jobs Number of planned job losses
Announcement Date
20 July 2008
Employment effect (start)
25 September 2008
Foreseen end date
31 December 2008
Description
The management board of Ruch, Poland's largest distributor of newspapers and periodicals, has approved an employment restructuring plan which envisages 800 redundancies by the end of September 2008. Ruch currently employs 5,395 persons.
According to information from 29 August 2008, Ruch will downsize its employment by fewer jobs then originally planned – 570 workers will be made redundant, rather than 800. The company has adopted “Rules for Group Redundancies” as part of its restructuring plan, and it will begin serving notices of termination on 25 September 2008. The redundancies process will continue until the end of 2008.
Sources
2 September 2008: Rzeczpospolita
29 August 2008: Rzeczpospolita
20 July 2008: Rzeczpospolita
Citation
Eurofound (2008), Ruch, Internal restructuring in Poland, factsheet number 66880, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66880.
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