Arkus & Romet Group

Type
Internal restructuring
Country
Poland
Region
Makroregion wschodni; Podkarpackie; Tarnobrzeski
Location of affected unit(s)
Dębica
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
124 jobs
Number of planned job losses
Job loss
Announcement Date
30 March 2020
Employment effect (start)
Foreseen end date
31 March 2020

Description

The Polish producer of bikes and motorcycles Arkus & Romet Group announced that it will cut 124 jobs throughout a collective dismissal programme at its production facility in Dębica by the end of March 2020. The redundancies will affect all departments of the company. The decision is associated with the COVID-19 pandemic; as the company reveals, the pandemic hits the bicycle industry severely, because it occurs shortly after a period of steady industry growth.

Arkus & Romet has been operating since 1991; the company has markets in Germany, Austria, Belgium Sweden, the UK, Spain and Poland.

Sources

Citation

Eurofound (2020), Arkus & Romet Group, Internal restructuring in Poland, factsheet number 100229, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100229.