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 state-owned bank PKO BP (Powszechna Kasa Oszczędności Bank Polski) has announced that it will cut 836 jobs at its head office in Warszawa as well as at other units across Poland by the end of 2016.
The company has announced a collective dismissal programme. The company negotiated with the local trade unions about the conditions of the restructuring programme. Redundant employees will receive a severance pay. The company will also change conditions of employment for the part of employees in addition to the announced redundancies.
This is the next wave of mass redundancies:in 2015, the company cut around 1,100 jobs.
PKO BP was founded in 1919; it is the largest Polish retail bank. Currently, the bank employs over 26,000 people across Poland.
Eurofound (2015), PKO BP, Internal restructuring in Poland, factsheet number 86274, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86274.