Rafako loses 128 employees

As part of a Voluntary Leave Program (VLP), 128 employees have left boiler producer Rafako. In connection with the costs of the program, there was a provision of approx. PLN 7.7 million, which will affect the financial result for 2016, the company said. In November last year, Rafako decided to launch a VLP for their employees. The program is to affect approx. 200 people. The cost of the program is estimated at a maximum of PLN 15 million. Rafako SA is Europe's largest producer of boilers and environmental protection equipment for power.  The majority shareholder is PBG, in 2015 the company had consolidated revenue of PLN 1.55 billion.