EMCC European Monitoring Centre on Change

Polskie Linie Lotnicze LOT

Company/Organisation:
Polskie Linie Lotnicze LOT

Geographic Location

Country: Poland

Company

Sector: Transportation / storage
Transportation and storage
51 - Air transport
Number Employed: 2000
Group: Polskie Linie Lotnicze

Employment Effects

Announcement Date: 17-12-2012
Planned Job Reductions min: 600
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2013
Foreseen End Date: 31-12-2013

Additional Information

In December 2012, Polish national airline Polskie Linie Lotnicze LOT (PLL LOT) announced plans to implement a restructuring programme, which will result in the loss of 600 jobs in 2013. The dismissals are a part of the new business strategy aiming at improving financial outcomes of the company.

In 2011 LOT had a loss of 145 mln PLN, and in 2012 it is predicted to be 300 mln PLN. After the implementation of the restructuring plan, PLL LOT will be searching for an investor in order to privatize the company. The plan also includes cost-cutting measures such as the elimination of unprofitable routes.

Moreover, the Ministry of Finance has declared its intention to give 400 mln PLN (100 mln EUR) as the first part of an aid package for the company.

PLL LOT currently employs approximately 2,000 people.