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RNS - Zawarcie porozumienia w sprawie zwolnienia grupowego w Wyborcza sp. z o.o. - Content (EN)

Company: AGORA S.A. Date: 2025-07-16 Language: English Register to download

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Report Content 15/2025Conclusion of agreement with trade unions on reduction of employment atWyborcza sp. z o.o.Regulatoryfiling  

  

TheManagement Board of Agora S.A. ("Agora") with its registered seat inWarsaw, in relation to regulatory filing no. 11/2025 dated June 26,2025, hereby informs that on July 16,2025 has received information that:(i)on July 16,2025 its subsidiary - Wyborcza sp. z o.o. ("Company")concluded an agreement with trade union operating at the Company (whichfulfills the provisions of article 3, Section 1 of the Act of March 13,2003 on Special Rules for Termination of Employment for Reasons NotAttributable to Employees) and with the involvement of work council inthe Company (which is the fulfillment of the obligation imposed on theCompany under Art. 13 Section 1 Point 2 in connection with Art. 14 ofthe Act of April 7, 2006 on informing and consulting employees)("Agreement"),  

  

(ii)the Management Board of the Company adopted on July 16,2025 resolutionto execute collective redundancies in the Company, in accordance withthe provisions of the Agreement.  

  

Thecollective redundancies shall be executed from July 21, 2025 untilAugust 31,2025, and shall affect up to 49 employees in the fields ofPrint.Inaccordance with the Agreement, the laid-off employees will be providedby the Company with a redundancy payment required by law. In case theagreement on termination of employment is concluded, the redundancypayment estimated according to law regulations shall be increased by, inparticular an additional compensation in the amount depending on theseniority at the Company and an additional training payment on theunderstanding that this training payment will be paid only to thoseemployed in production positions. In addition to financial support,employees departing under the agreement on termination of employment,will be offered by the Company a medical care until march, 2026 andother measures aimed at smoother adaptation of laid-off workers to newconditions. The Company, in accordance with requirements of law, shallsubmit an appropriate set of information, together with the signedAgreement, to a relevant Labor Office.  

  

Theestimated amount of provision for collective redundancies which will becharged to the Company and Agora Group's result in 3Q2025, shall amountto approximately PLN 2.4 million.  

  

Agorashall present its estimates of costs and savings related to the processof collective redundancies in the consolidated financial statements ofthe Agora Group for the financial year ending December 31, 2025.  

  

Legalbasis: article 17, paragraph 1 of the Regulation of the EuropeanParliament and Council Regulation (EC) No. 596/2014 of April 16th, 2014on market abuse (Regulation on Market Abuse) and repealing Directive2003/6/EC of the European Parliament and of the Council and theCommission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC (Acts. Office.EC L 173, 06.12.2014).

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