Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Polish textile company Polontex will cut 70 jobs throughout a collective dismissal programme at the production facility in Częstochowa. It implies that the workforce at the factory will be reduced by about 17%; currently, there work about 400 people. The restructuring is related to the COVID-19 pandemic. The restructuring was registered by the company in the local employment agency in Częstochowa.
Polontex has been operating since 1990. The company specialises in the production of a wide range of fabrics, including decorative knitted fabrics (traditional curtains and yarns), technical knitted fabrics and clothing fabrics.
Eurofound (2020), Polontex, Internal restructuring in Poland, factsheet number 100333, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100333.