Agora S.A. - Polish media company
CLOSE

June 26, 2025 / 12:00

11/2025 Initiation of consultation procedure on downsizing at Wyborcza sp. z o.o.

Regulatory filing

The Management Board of Agora S.A. hereby informs that on June 26, 2025, the Management Board of Wyborcza sp. z o.o. ("Company"), subsidiary of Agora S.A., in accordance with the Act of March 13, 2003 on Special Rules for Termination of Employment for Reasons Not Attributable to Employees, resolved to initiate the consultation on group layoffs with the trade union operating in the Company. Additionally, in accordance with the Act of April 7, 2006 on informing and consulting employees, the Company's works council shall also be consulted on the group layoff process.

The intention of the Company is to lay off up to 49 employees of the Company in the fields of Print and Print and Distribution Operational Support (which constitutes ca. 9.7% of employees of the Company as of June 26, 2025) between July 21 and August 31, 2025.

The reason for the intended group layoffs is the process of ceasing the printing business conducted by the Company, of which Agora S.A. informed in regulatory filings Nos. 9/2025 and 10/2025 dated June 26, 2025.

The Company shall go through these changes in a thought out manner and with care for its employees, offering the dismissed employees statutory severance payments and additional protective and supportive initiatives, which shall be the subject of consultations with the trade union.

On June 26, 2025 the Management Board of the Company shall request the trade union operating at the Company and the Company's works council to join in the consultation on collective redundancy process and shall provide the relevant Labor Office with information on the intention to execute group layoffs in the Company.

Agora S.A. shall publish a regulatory filing on collective redundancies after the process of consultation with trade union and works council operating at the Company, as required by the law, is finalized. This regulatory filing shall also include information on the estimated amount of provision related to the restructuring of employment in the Company. The final data regarding the effect of employment restructuring on the financial results of the Agora Group shall be published 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