PKP Cargo to spend PLN 64.6 mln on voluntary leaves
12:15
Rail freight company PKP Cargo will spend PLN 64.6 mln on a voluntary layoff scheme as it will let 874 employees go as of July 1, Polish Press Agency quoted PKP Cargo market filing.
The firm will pay its severance packages in two tranches: the first one will amount to PLN 55 million and will be added to June's salary as a bonus and the second one will total to PLN 9.6 million and will be paid out in January 2016.
As many as 1193 employees volunteered for the scheme, but the company had to turn down 319 applications in order to assure "continued realization of operations and due to economic conditions," the company said.
