Commencement of the procedure of group dismissal of employees at Zakłady Chemiczne "Organika-Sarzyna" S.A.

Current report no : 39/2014
Report date : 6/18/2014
Abbreviated name : Ciech SA
Subject : Commencement of the procedure of group dismissal of employees at Zakłady Chemiczne "Organika-Sarzyna" S.A.
Legal basis : Art. 56 section 1 point 1 of the Act on Offering - confidential information 


The Management Board of Ciech S.A.. with a registered office in Warsaw (hereinafter: "the Issuer" or "the Company") announces that on 18 June 2014, the Management Board of Zakłady Chemiczne Organika-Sarzyna S.A., with a registered office in Nowa Sarzyna (hereinafter: "the Subsidiary") notified the trade unions operating in the Subsidiary of its intention to carry out group dismissals within the Subsidiary. The reasons for the planned group dismissals is, in particular, a necessity of introducing organizational changes without additional investments, aimed at an increase in effectiveness of work by a change of work organization, the scope of duties of employees, transfer of employees between individual organizational units of the Subsidiary, modification of the scopes of duties of individual employees, as well as the eventual reduction of costs expected by the Subsidiary with regard to the costs of labour. The Subsidiary intends to carry out dismissal to up to 90 employees as part of group dismissal in the period from 28 July 2014 to 30 November 2014.

Signatures of the Company’s Representatives 
: Dariusz Krawczyk – President of the Management Board

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