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PKP Cargo SA w restrukturyzacjiPKP Cargo rail hauler to carry out group layoffs of up to 500 employees
The administrator of listed rail hauler PKP Cargo's remedial estate, with the consent of the company's management board and supervisory board, will carry out group layoffs affecting up to 500 employees by September 30, PKP Cargo announced in a market filing.
The collective redundancies will be financed from the proceeds of the sale of freight wagons taken out of operational use, up to an amount not exceeding PLN 35 million (EUR 8.2 mln).
As indicated, one of the alternatives to further restructuring in the area of employment was to terminate the company collective bargaining agreement on October 31, 2025. However, the proposal was not accepted by the trade unions.
In the company's opinion, the alternative solution would provide savings equivalent to those envisaged in the group redundancies planned for 2025.
"Up to 500 employees in various professional groups will be covered by collective redundancies in the period indicated until September 30, 2025," PKP Cargo wrote in the market filing.
The collective redundancy process was preceded by an analysis of all positions, taking into account, among other things, efficiency, importance for key operations and potential for adaptation in new organisational structures.
"The priority of the process will be to minimise the negative impact on key areas of PKP Cargo's operations," the company said.
The company originally planned to lay off up to 1,041 employees.
Employees who are made redundant as part of the collective redundancy will be entitled to severance pay depending on their length of service.
"At this point, the intention to carry out collective redundancies in 2026 has not been confirmed. It will require a re-evaluation of the level of transport work performed and planned, as well as the company's financial situation after the 2025 financial year," the market filing added.
mcb/ han/ ao/
