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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.31 - Manufacture of electrical and electronic equipment for motor vehicles
460 jobs Number of planned job losses
Announcement Date
5 February 2021
Employment effect (start)
Foreseen end date
30 June 2021
Description
Polish producer of wiring harnesses Zakład Elektrotechniki Motoryzacyjnej (ZEM) has announced that it will cut all 460 jobs through a collective dismissal programme at its production facility in Ełk by July 2021. The restructuring programme is related to the court’s decision to liquidate the company. ZEM has been in difficulties for years; its situation has been worsened by the COVID-19 pandemic which affected the automotive industry.
ZEM was founded as a state-owned company in 1945. Currently, the company is owned by Alemeda Investments LTD. The company specialises in the production of wiring harnesses, battery cables and ignition harnesses for the automotive industry.
Eurofound (2021), Zakład Elektrotechniki Motoryzacyjnej, Bankruptcy in Poland, factsheet number 103592, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103592.
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