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 Management Board of Polish insurance company PZU SA has informed that together with its subsidiary PZU Życie SA and with the trade unions has signed an agreement specifying the terms and conditions of group layoffs. The programme will be implemented between 4th of May and 2nd of June this year. The severance pay will be paid according to employees' seniority. Up to 350 people will be affected by the restructuring, of which 152 employees of various professional groups will be affected by downsizing. The new dismissals are the next round of the large restructuring programme which has been in place since 2010.
PZU Group is a leader on the insurance market and one of the largest financial institutions in Poland.
Eurofound (2015), PZU SA, Internal restructuring in Poland, factsheet number 79435, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79435.