EMCC European Monitoring Centre on Change

PKP Cargo,

Company/Organisation:
PKP Cargo,

Geographic Location

Country: Poland

Company

Sector: Transportation / storage
Transportation and storage
49 - Land transport and transport via pipelines
Number Employed: 44000

Employment Effects

Announcement Date: 16-01-2009
Planned Job Reductions min: 9000
Planned Job Reductions max: 9000
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2009

Additional Information

PKP Cargo, Europe’s second-largest rail freight carrier, is to cut 9,000 jobs out of 44,000 by the end of 2009 in the 16 plants located across Poland. The total tonnage moved by PKP Cargo has fallen from 145 million tonnes in 2007 to 122 million tonnes in 2008; the company’s single largest customer is ArcelorMittal, which has been trimming back production at its Polish plants.