Wednesday, January 28, 2015

Voluntary redundancy program in PKP Cargo. A large reserve charge … – Money.pl

Voluntary redundancy program in PKP Cargo. A large reserve charge … – Money.pl

2015-01-28 10:06

 voluntary redundancy program in PKP Cargo. A large reserve charge results

[Photo: PKP CARGO SA]

The final total value of liabilities in connection with voluntary redundancy program in PKP Cargo amounted to 266 million zł – the company said in a statement. A provision in the amount of charge results for the fourth quarter of 2014 years.

The company has agreed to use the program for 3041 with 3,300 workers concerned group companies. The company’s original estimates spoke of 1,300 people.

Those who were approved, cease to be employees of companies in the group from 1 February 2015.

The payment of severance pay under the PDO will take place in two tranches: And tranche in the amount of approx. 228 million zł will be paid together with the salary for January 2015., the second tranche, which will amount to approx. 38 million zł, will be paid in January 2016.

Currently, the group PKP Cargo employs approx. 26 thous. people.

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