Agora S.A. - Polish media company
CLOSE

July 16, 2025 / 17:30

15/2025 Conclusion of agreement with trade unions on reduction of employment at Wyborcza sp. z o.o.

Regulatory filing

The Management Board of Agora S.A. ("Agora") with its registered seat in Warsaw, 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 (which fulfills the provisions of article 3, Section 1 of the Act of March 13, 2003 on Special Rules for Termination of Employment for Reasons Not Attributable to Employees) and with the involvement of work council in the Company (which is the fulfillment of the obligation imposed on the Company under Art. 13 Section 1 Point 2 in connection with Art. 14 of the Act of April 7, 2006 on informing and consulting employees) ("Agreement"),

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

The collective redundancies shall be executed from July 21, 2025 until August 31,2025, and shall affect up to 49 employees in the fields of Print.

In accordance with the Agreement, the laid-off employees will be provided by the Company with a redundancy payment required by law. In case the agreement on termination of employment is concluded, the redundancy payment estimated according to law regulations shall be increased by, in particular an additional compensation in the amount depending on the seniority at the Company and an additional training payment on the understanding that this training payment will be paid only to those employed 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 and other measures aimed at smoother adaptation of laid-off workers to new conditions. The Company, in accordance with requirements of law, shall submit an appropriate set of information, together with the signed Agreement, to a relevant Labor Office.

The estimated amount of provision for collective redundancies which will be charged to the Company and Agora Group's result in 3Q2025, shall amount to approximately PLN 2.4 million.

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

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

Go back