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.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65.1 - Insurance
956 jobs Number of planned job losses
Announcement Date
9 March 2017
Employment effect (start)
24 March 2017
Foreseen end date
17 December 2017
Description
The Management Board of Polish insurance company PZU SA has announced that together with its subsidiary PZU Życie will implement a collective dismissal programme affecting up to 956 jobs across Poland. The programme will be implemented between 24th March and 17th December 2017 and it will apply to all types of activities of the company. Currently, PZU is negotiating with the local trade unions about the conditions of the programme; the company offers to redundant workers will receive a severance pay on top of the one due under the collective redundancies. An outplacement programme is also on the table to help affected workers find a new job.
PZU Group is a leader on the insurance market and one of the largest financial institutions in Poland.
Sources
9 March 2017: Puls HR
Citation
Eurofound (2017), PZU, Internal restructuring in Poland, factsheet number 90527, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90527.
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