Kross

Type
Internal restructuring
Country
Poland
Region
Makroregion województwo mazowieckie; Mazowiecki regionalny; Ostrołęcki
Location of affected unit(s)
Przasnycz
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.9 - Manufacture of transport equipment n.e.c.
30.92 - Manufacture of bicycles and invalid carriages
100 jobs
Number of planned job losses
Job loss
Announcement Date
28 March 2020
Employment effect (start)
1 April 2020
Foreseen end date

Description

The Polish producer of bicycles KROSS announced that it plans to cut about 100 jobs throughout a collective dismissal programme at its production facility in Przasnysz. The company reveals that measures included in the Anti-Crisis Shield (a package of laws and financial instruments aimed to support Polish companies amid the growing pandemic) will be insufficient to deal with the economic effects of the COVID-19. The redundant workers will receive severance pay.

KROSS has been operating since 1990; the company is one of the largest producers of bikes in Poland, annually it produces around 300,000 wheelers. The company specialises in the production of a wide range of bicycles: mountain, urban, trekking, children, cross and road bicycles.

Sources

Citation

Eurofound (2020), Kross, Internal restructuring in Poland, factsheet number 100220, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100220.