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.
Polish producer of zinc products ZGH ‘Bolesław’ announced that it will cut about 350 jobs at its zinc and lead mine ‘Olkusz-Pomorzany’ in Olkusz by the end of 2020.
The restructuring programme is associated with a decision to close the extraction division as the ores are exhausted. The company will dismiss 350 extraction workers, another 100 employees from the division are entitled to pension. The source reports that 200 positions in the flotation division will be saved, another 44 positions will be transferred to the foundry, and during the decommissioning process - over a period of seven to twelve months - 300 miners will continue to be employed.
Founded in 1958 as a state-owned company, ZGH ‘Bolesław’ is specialised in the extraction and processing of zinc and lead as well as production of electrolytic zinc, zinc alloys, sulphuric acid and zinc and lead concentrates. The company is the main supplier of zinc and alloys in the domestic market and a significant supplier to the neighbouring countries, e.g. the Czech Republic, Slovakia, Austria, Hungary. Currently, the company is a part of Stalproduct capital group.
Eurofound (2020), ZGH 'Bolesław', Internal restructuring in Poland, factsheet number 103075, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103075.