PZU

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
630 jobs
Number of planned job losses
Job loss
Announcement Date
13 February 2013
Employment effect (start)
1 March 2013
Foreseen end date
31 May 2013

Description

Polish insurance company PZU announced a restructuring programme leading to 630 redundancies. The restructuring programme will affect over 3,000 employees, as the company will change conditions of employment for over 2,500 people in addition to the announced redundancies.

Currently, PZU negotiates with the local trade unions about the conditions of the programme.

The new dismissals are the third round of a large restructuring programme within the PZU group, which has been implemented since 2010 (see here and here). The programme aims at centralizing the administrative activities and reducing costs.

Sources

  • 13 February 2013: Gazeta Wyborcza
  • 13 February 2013: Rzeczpospolita

Citation

Eurofound (2013), PZU, Internal restructuring in Poland, factsheet number 74988, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74988.