Zakład Elektrotechniki Motoryzacyjnej

Type
Bankruptcy
Country
Poland
Region
Makroregion północny; Warmińsko-mazurskie; Ełcki
Location of affected unit(s)
Ełk
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
460 jobs
Number of planned job losses
Job loss
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.

Sources

Citation

Eurofound (2021), Zakład Elektrotechniki Motoryzacyjnej, Bankruptcy in Poland, factsheet number 103592, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103592.