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.
The construction company Mostostal Warszawa announced plans to dismiss 410 to 450 workers. Redundancies are expected to be implemented by the end of January 2013.
The restructuring is reported to be due to a shrinking order book and the general deteriorating situation of the construction sector in Poland.
The company has signed a bilateral agreement with the local trade unions setting out the conditions of the collective dismissal programme. Redundant workers will receive a severance pay and additional financial benefits. Moreover, the company is to implement an outplacement programme for the redundant workers.
Eurofound (2012), Mostostal Warszawa, Internal restructuring in Poland, factsheet number 73992, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73992.