International consulting network PricewaterhouseCoopers (PwC) has announced that it will invest at least $100 million to expand its business in Poland, creating 5,000 new jobs.
As part of its expansion strategy, dubbed “The New Equation”, PwC will implement new cloud and technology services, automation of audit processes and tax services, as well as digital training for its employees.
“We know that solving the problems of the future requires teams of specialists who have deep knowledge in their fields and combine their competencies…with a new driving force, which is technology,” said Adam Krasoń, head of the company in Poland.
PwC already employs 6,000 people in Poland, of whom 1,000 are technology experts. Now the company wants to nearly double that headcount, adding 5,000 new jobs by 2026.
The development comes as Poland has sought to attract large international companies to open and expand back offices as well as research and development centres in the country.
US technology giant Intel this year announced that it was investing tens of millions of euros to expand its site in the Polish city of Gdańsk, which is already the company’s largest R&D centre in the European Union. Microsoft last year announced a $1 billion digital investment plan in Poland.
PwC (or its predecessors) has had a presence in Poland since 1990. It has offices in nine cities: Warsaw, Gdańsk, Katowice, Kraków, Lublin, Łódź, Opole, Poznań and Wrocław.
Its current expansion is part of a global plan, which is valued at $12 billion in investment and will create 100,000 new positions.
Main image credit: Bjørn Erik Pedersen/Wikimedia Commons (under CC BY 3.0)
Maria Wilczek is deputy editor of Notes from Poland. She is a regular writer for The Times, The Economist and Al Jazeera English, and has also featured in Foreign Policy, Politico Europe, The Spectator and Gazeta Wyborcza.
