On June 27, the Administration Board of PKP Cargo filed an software with the District Courtroom in Warsaw to open restructuring proceedings towards the corporate, PKP Cargo knowledgeable.
We wrote about this case yesterday:
What might this imply for workers?
She commented on the data on platform X Paulina Matysiakan MP from the Razem celebration, who was suspended just a few days in the past.
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It is going to be simpler to fireplace workers
„The opening of restructuring proceedings impacts employment relations and has the identical results by way of the rights and obligations of workers and the employer as declaring chapter – that’s, it considerably facilitates, for instance, the termination of employment contracts and reduces worker safety. This implies excluding the appliance of provisions relating to the safety of workers towards discover or termination of an employment contract and makes it potential to shorten discover durations.” – the MP famous.
The PKP CARGO administrator who will probably be appointed must submit a restructuring plan in session with the corporate. Mainly, he has 30 days to take action. “If employment discount is envisaged, the restructuring plan might want to point out the principles for dismissing workers, specifically: the variety of workers coated by the intention to dismiss, the interval through which such dismissal will happen and the proposed standards for dismissing workers.” – wrote Paulina Matusiak.
Layoff or promote piecemeal?
The administrator may also promote the corporate’s belongings – then the restructuring plan specifies the belongings topic to sale. MP Matysiak addressed the president of PKP Cargo, Marcin Wojewódkawith the basic query:
„Is that the plan? Firing workers? Or perhaps promoting a part of the corporate?”
Large on rails
PKP Cargo is the biggest rail freight service in Poland. As a Group, it gives logistics providers, combining rail, highway and sea transport. It supplies unbiased freight transport in Poland and: the Czech Republic, Slovakia, Germany, Austria, the Netherlands, Hungary, Lithuania and Slovenia. The biggest single shareholder of PKP Cargo is PKP SA, which has 33.01 %. shares.
In 2012, the PKP Cargo Group’s share by way of weight of transported cargo was 50.4% and by way of transport efficiency – 60.2%, whereas in 2023 this share dropped to 33.1% by way of weight and 33.9% by way of transport efficiency.
The Tusk Impact? There was a achieve, now there are losses
In 2023, PKP Cargo achieved PLN 82.10 million in revenue, in comparison with PLN 148 million in 2022. Within the first quarter of 2024, the Group had a lack of PLN 118 million, in comparison with PLN 104 million in revenue within the first quarter of final yr. Working revenues decreased to PLN 1.19 billion from PLN 1.58 billion within the first quarter of 2023.
Final week, the Normal Assembly of PKP Cargo didn’t grant discharge to 5 members of the administration board serving in 2023, together with the then president To Dariusz Selidze.
Not solely does PKP Cargo have issues, but it surely additionally has a formidable competitor. Ukrainian Railways Cargo Poland has acquired a license to enter the European rail freight market. The license was granted by the Polish Railway Transport Workplace.
Supply: PKP Cargo, PAP, X
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