Redundancies at PZU

As many as 152 employees (1.4 percent of the entire employment in the group) will be dismissed from PZU SA and PZU Życie, included in Grupa PZU. The Polish insurer is planning on launching a special program in order to help the dismissed people find new work. Besides severance payments, the firm is willing to pay out extra money to those employees who will voluntarily sign an agreement to terminate the contract of employment with PZU. The redundancies are to be conducted in period from May 14 to April 12.