Business

PKP appeals to creditors to maintain the manager of the sanation mass of PKP Cargo

2025-10-02 18:50

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2025-10-02 18:50

Polish State Railways, the main shareholder of PKP Cargo, sent to the creditors' council a request to refrain from actions aimed at changing the manager of the sanation mass – the railway carrier informed in the Thursday stock exchange report.

PKP appeals to creditors to maintain the manager of the sanation mass of PKP Cargo
PKP appeals to creditors to maintain the manager of the sanation mass of PKP Cargo
photo: Marian Zubrzycki / / Forum

The announcement states that the intention of the creditors' council is to adopt a resolution on changing the manager of the sanation mass designated in the company's sanation proceedings.

PKP Cargo is a joint -stock company listed on the WSE. The largest shareholder is PKP SA with 33.01 percent. participation in the capital; Funds managed by the Nationale -Nederlanden PTE SA have 12.08 percent, and the other shareholders – 54.91 percent.

In July 2024, the court opened the company's restructuring proceedings. Also in July last year The management board decided to carry out group layoffs by the company's plants and headquarters, as a result of which employment fell by 3,000. 665 employees. Currently, PKP Cargo employs less than 10,000 people. At the beginning of June this year. PKP Cargo has once again announced that it intends to carry out group layoffs. This time the dismissals would be covered by up to 1041 employees this year and until 1388 next year.

On September 18 this year, PKP Cargo announced that ultimately in 2025 the carrier would release to 500 people as part of group layoffs. (PAP)

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Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

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