Voluntary layoffs at PZL Mielec

Over 400 employees at Poland's largest aerospace manufacturer, PZL Mielec, applied for voluntary layoffs the Polish Press Agency (PAP) reported on Tuesday. In total, the company plans to dismiss 500 employees. According to the news report,  PZL Mielec management decided to reduce employment after losing out on a contract to deliver helicopters for the Polish Army. PAP also said that the dismissed employees will be given severance payments and other kinds of support such as career counseling. The firm was acquired by Sikorsky Aircraft in 2007.