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The management Board of PGE Polska Grupa Energetyczna S.A. (“PGE) informs that on June 9, 2010 signed agreements with labor unions of ditribution and retail sale companies. Thereby Social Partners representing the employees of distribution and retail sale companies have accepted the Consolidation Program presented by the PGE Management Board.

  • No. of the report: 31/2010
  • Report date: 22.06.2010
  • Report legal ground: Art. 56 section 1 p. 1 of Act on Public Offering – confidential information

Contents of the report

The agreements guarantee already vested rights and other compensations without changes in their objective or subjective scope.

On June 9, 2010 similar agreement was signed with miners' trade unions.The agreement was signed by 21 of 23 distribution trade unions. Decision of two remaining unions will be taken soon. In retail sale segment the agreement was signed by all empowered trade unions.

In the course of the Consolidation Program, consultation process with employees’ representatives in all PGE Group business lines is taking place in order to reach an agreement in labor-related issues.

Legal ground: Art. 56 section 1 point 1 of the Act on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies (Dziennik Ustaw 2009, no 185 item 1439).

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