Powszechny Zakład Ubezpieczeń

Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
2,079 - 5,216 jobs
Number of planned job losses
Job loss
Announcement Date
10 February 2010
Employment effect (start)
26 March 2010
Foreseen end date
20 November 2010

Description

The Polish insurer Powszechny Zakład Ubezpieczeń (today employing 15500 people) is to cut 2079 jobs and change employment conditions for 4576 employees in 2010. If any of the employees offered new conditions decline the offer, they too will be laid off.

On Wednesday 10 March 2010 enterprise-level trade unions and the employer representatives signed an agreement on these provisions. Negotiations resulted in 235 fewer people undergoing direct dismissals and 821 less people being offered the new employment conditions.

These dismissals are part of a large restructuring programme entitled "Micro2" which aims to centralise the administrative activities of ten centres across the country.

Sources

  • 11 March 2010: Rzeczpospolita
  • 12 March 2010: Rzeczpospolita
  • 16 February 2010: Dziennik Gazeta Prawna
  • 15 February 2010: Rzeczpospolita
  • www.rp.pl
  • www.rp.pl

Citation

Eurofound (2010), Powszechny Zakład Ubezpieczeń, Internal restructuring in Poland, factsheet number 70165, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70165.