EMCC European Monitoring Centre on Change

PKP Cargo

Company/Organisation:
PKP Cargo

Geographic Location

Country: Poland

Company

Sector: Transportation / storage
Transportation and storage
49.2 - Freight rail transport
Number Employed: 26000
Group: PKP CARGO Group

Employment Effects

Announcement Date: 28-11-2014
Planned Job Reductions min: 3000
Planned Job Reductions max: 1300
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-02-2015

Additional Information

PKP Cargo, Poland's largest railway freight transport operator, has announced the restructuring programme which will affect around 3,000 jobs by the end of January 2015. Initially the number of beneficients of the announced Voluntary Dismissal Programme was estimated to reach 1,300. However, 3,300 workers enrolled  to the Programme eventually. Under this Programme all employees of PKP Cargo and PKP Cargotabor, who decided to resign from employment, will be offered the severance pay of up to 36 months' salaries. The company expenditures to cover the cost of this programme are estimated to PLN 301 million (EUR 69.5 million).

PKP Cargo Group is second largest railway freight transport operator in Europe. The Group employs around 26,000 people across Poland.