PZU plans major layoffs

Poland’s largest insurer PZU has announced that it would carry out group layoffs in the coming months. Up to 230 employees will lose their jobs between October 1 and November 29 this year, PZU said in a press release on Tuesday. The restructuring will affect some 2 percent of the workforce at PZU and its life insurance subsidiary PZU Życie. The company said it has already informed employee organizations about the layoffs, thus launching a consultation process.