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.
On 16 August 2011, the Polish electricity producer and distributor PGE Obrót finished the first stage of a voluntary redundancy programme cutting 180 jobs. The programme was introduced in July 2011.
About 180 workers applied to voluntary redundancy. The affected workers will receive a severance pay equal to 30 months' wages (it may amount to more than 100,000 PLN/ 25,000 EUR per person). The company is currently terminating the contracts with the workers.
The programme is a part of a large restructuring within the whole PGE group. PGE Polska Grupa Energetyczna is one of the largest electricity producer and supplier in Poland. It employs 45,000 people across the country.
Eurofound (2011), PGE Obrót, Internal restructuring in Poland, factsheet number 72631, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72631.