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Grupa Azoty Reviews Non-Compete Agreements from Recent Years. First Complaint Filed with the Prosecutor's Office
Grupa Azoty Reviews Non-Compete Agreements from Recent Years. First Complaint Filed with the Prosecutor's Office

Grupa Azoty is currently analysing non-compete agreements signed in recent years that have been unfavourable for particular companies within the Group and have caused harm to these entities. The first such complaint, concerning the signing of a non-compete agreement after the termination of employment, has been filed by Grupa Azoty Puławy with the District Prosecutor's Office in Puławy.

Grupa Kapitałowa Grupa Azoty
Grupa Azoty S.A. (Tarnów)
02.09.2024
Agreements Signed on Suspension of Collective Bargaining Agreements in Three Grupa Azoty Companies. Negotiations continue at Grupa Azoty's Puławy plant.
Agreements Signed on Suspension of Collective Bargaining Agreements in Three Grupa Azoty Companies. Negotiations continue at Grupa Azoty's Puławy plant.

The management boards of Grupa Azoty S.A., Grupa Azoty Police, and Grupa Azoty Kędzierzyn have signed agreements with Trade Union Organizations to suspend selected cost-intensive provisions of their Collective Bargaining Agreements (ZUZP). This marks another step in the cost restructuring process that has been underway since spring this year, in response to the financial difficulties Grupa Azoty has faced since the second half of 2022.

Grupa Kapitałowa Grupa Azoty
Grupa Azoty Kędzierzyn
Grupa Azoty Police
Grupa Azoty Puławy
Rozwiń pozostałe tagi
26.08.2024
Grupa Azoty Announces Preliminary Financial Results
Grupa Azoty Announces Preliminary Financial Results

In the first half of 2024, Grupa Azoty generated consolidated sales revenues of PLN 6,743 million, with an EBITDA result of minus PLN 179 million and an EBITDA margin of minus 2.7%. This represents an improvement of nearly PLN 830 million compared to the same period last year. The net loss for the first half of this year amounted to PLN 748 million, compared to a loss of PLN 1,098 billion in the first half of 2023.

Grupa Kapitałowa Grupa Azoty
Grupa Azoty S.A. (Tarnów)
Investor Relations
26.08.2024
Grupa Azoty Polyolefins and Financial Institutions Extend Financing Terms for Polimery Police Project
Grupa Azoty Polyolefins and Financial Institutions Extend Financing Terms for Polimery Police Project

Following successful negotiations with the banks, Grupa Azoty Polyolefins signed an Amendment Agreement on August 6 to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project. The parties have agreed on the conditions under which the Financial Institutions will provide financing for the project during the next period of the Stabilization Agreement, which extends until August 30, 2024. The Amendment Agreement was signed with 15 Financial Institutions.

Grupa Kapitałowa Grupa Azoty
Grupa Azoty Polyolefins (Polimery Police)
Grupa Azoty S.A. (Tarnów)
07.08.2024
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