PKP Cargo begins mass layoffs; up to 765 employees are expected to leave

47a5ef744f1051c8042117be7002c8fd, Biznes Fakty

Railway workers blocked access to the PKP Cargo terminal Mateusz Mżyk / tvnwarszawa.pl

As many as 765 PKP Cargo staff members may face job losses due to widespread layoffs, initiated after the unions did not respond to proposals aimed at restricting the collective bargaining agreement. These job reductions are anticipated to continue until the end of September.

The carrier stated that the deadline for achieving a consensus with the trade unions regarding the validity of the Collective Bargaining Agreement, which was set to expire in June 2025, lapsed on July 31 without any feedback from the unions. Consequently, the management team opted to commence restructuring in terms of employment.

PKP Cargo initiates layoffs…

In line with the Restructuring Plan, the collective redundancy process must be completed by September 30, 2025, potentially affecting up to 765 employees.

At the end of June, PKP Cargo’s management proposed that employees forgo certain benefits under the Collective Bargaining Agreement in favor of a performance-based incentive structure. The intention was to prevent large-scale layoffs.

The agreement remains valid until mid-2026; the company believes that relinquishing or removing the most expensive aspects of the Collective Employment Agreement could yield savings comparable to the employment reductions projected for 2025.

As per the company, this included giving up elements that surpassed the Labour Code, such as enhanced sick pay beyond what the Labour Code mandates or extended notice periods in the event of termination of employment contracts for reasons not related to the employees.

…and decreases employment

In July 2024, the PKP Cargo Management Board resolved to execute collective layoffs at the company’s facilities and headquarters. Consequently, employment was reduced by 3,665 individuals. The company currently has around 10,000 employees.

PKP Cargo is a joint-stock company listed on the Warsaw Stock Exchange. The largest stakeholder is PKP SA with a 33.01% share, while funds managed by Nationale-Nederlanden PTE SA hold 12.08%, and other investors collectively possess 54.91%. For 2024, the company reported a net loss of PLN 2.41 billion, with EBITDA just shy of PLN 300 million.

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