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Tag: PKP Cargo

PKP CARGO Extends Leadership's Mandate Amid Ongoing Crisis

PKP CARGO Extends Leadership's Mandate Amid Ongoing Crisis

The supervisory board of PKP CARGO, Poland's national freight railway operator, has extended the mandate of the interim management, led by CEO Marcin Wojewódka, until October 25, 2024. This decision comes as the company faces an unprecedented decline in transport volume and financial losses and is undergoing court-supervised re…

26 / 07 / 2024
Freight
PKP CARGO: Crisis Deepens as Controlled Restructuring Under Court Supervision Begins

PKP CARGO: Crisis Deepens as Controlled Restructuring Under Court Supervision Begins

The crisis at Poland's national freight carrier, PKP CARGO, is deepening once again. RAILTARGET brings…

08 / 07 / 2024
Business
Major Layoffs Announced at PKP CARGO: Up to 30% Workforce Affected

Major Layoffs Announced at PKP CARGO: Up to 30% Workforce Affected

The management of PKP CARGO S.A. has announced its decision to initiate group layoffs across its facilities…

04 / 07 / 2024
Business
PKP Intercity and PKP Cargo Sign Employment Agreement for 400 Workers

PKP Intercity and PKP Cargo Sign Employment Agreement for 400 Workers

PKP Intercity S.A. and PKP Cargo S.A. have announced a collaborative program designed to transition up…

27 / 06 / 2024
Business
PKP Cargo Pursues Legal Action Against Former Management and Ex-PM Morawiecki

PKP Cargo Pursues Legal Action Against Former Management and Ex-PM Morawiecki

PKP Cargo, Poland’s state rail freight operator, has initiated legal proceedings against its former management…

26 / 06 / 2024
Business
PKP CARGO Seeks a Way Out of Crisis, Subsidiaries Show Determination

PKP CARGO Seeks a Way Out of Crisis, Subsidiaries Show Determination

The situation in the Polish company PKP CARGO is very tense. However, not all companies in its holding are facing the same problems. We took a look at…

10 / 06 / 2024
Freight
Shareholders and Trade Unions Support the Restructuring of PKP CARGO, but in Different Ways

Shareholders and Trade Unions Support the Restructuring of PKP CARGO, but in Different Ways

Polish rail freight carrier PKP CARGO is facing a significant decline in transport volumes and rising staff costs. To adapt to the market situation, the…

30 / 05 / 2024
Freight
PKP CARGO in Crisis: Mismanagement, Investment Errors, and Questionable Deals Addressed by MPs

PKP CARGO in Crisis: Mismanagement, Investment Errors, and Questionable Deals Addressed by MPs

The Sejm, Poland's parliament, has begun examining the factors behind the decline in market share of the national rail freight carrier, PKP CARGO. Interpellations…

29 / 05 / 2024
Business
If It's Not for Staff, It's Not for Football, PKP CARGO Cuts Expenses with a Sharp Pencil

If It's Not for Staff, It's Not for Football, PKP CARGO Cuts Expenses with a Sharp Pencil

Panic at PKP CARGO. To combat a huge operating loss, it is not only laying off staff, but it is also drastically withdrawing financial support for the…

21 / 05 / 2024
Freight
PKP Cargo on the Brink: Initiating Emergency Cost-Cutting Measures

PKP Cargo on the Brink: Initiating Emergency Cost-Cutting Measures

PKP CARGO's board of directors informed trade unions on Friday that it would introduce austerity measures in the form of work stoppages for up to 30% of…

13 / 05 / 2024
Freight
ČD Cargo Poland has won a prestigious contract in Poland, with interest also shown by PKP Cargo

ČD Cargo Poland has won a prestigious contract in Poland, with interest also shown by PKP Cargo

In Poland, a tender was held for the transportation of 1 million tons of coal. Several carriers entered the tender, and ČD Cargo Poland eventually won…

08 / 05 / 2024
Freight
PKP Cargo's Board of Directors Undergoes Major Shakeup: Meet the New Leadership

PKP Cargo's Board of Directors Undergoes Major Shakeup: Meet the New Leadership

PKP CARGO is the target of dramatic personnel changes. The entire board of directors has been dismissed. Who are the new faces of the Polish rail freight…

25 / 04 / 2024
Business
PKP Cargo's Annual Report Reveals Challenges: Increased Costs Amid Declining Shipments

PKP Cargo's Annual Report Reveals Challenges: Increased Costs Amid Declining Shipments

PKP Cargo's long-awaited annual report has finally been published. The results show significant decreases in shipments across virtually all segments and…

25 / 04 / 2024
Business
Leadership Turmoil Continues at PKP Cargo with Jacek Rutkowski's Dismissal

Leadership Turmoil Continues at PKP Cargo with Jacek Rutkowski's Dismissal

PKP Cargo's Supervisory Board has dismissed Jacek Rutkowski from the company's commercial management board.

23 / 04 / 2024
Business
There Is No Reorganization Bang: Gradual Personnel Changes in the Management of Polish Railways

There Is No Reorganization Bang: Gradual Personnel Changes in the Management of Polish Railways

RAILTARGET follows the most important changes in the management of Polish railways. Despite expectations of a big personnel and reorganization bang, the…

18 / 04 / 2024
Business
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