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 26 September 2012, Bank Gospodarki Żywnościowej (BGŻ) announced plans to implement a collective dismissals programme, which will result in the loss of 380 jobs by the end of June 2013.
The dismissals are part of the business strategy aiming at improving financial outcomes of the company. At this point in time, the bank is to negotiate the conditions of the restructuring with the local trade unions.
BGŻ was founded in 1975 and it employs 5,812 people in 400 branches across Poland.
Eurofound (2012), Bank Gospodarki Żywnościowej, Internal restructuring in Poland, factsheet number 74267, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74267.