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.
Rafako, a manufacturer providing EPC services to the energy and oil and gas industries, has declared bankruptcy, resulting in nearly 700 job losses at its plant in Racibórz.
The bankruptcy follows prolonged financial difficulties. The court declared the company bankrupt on 19 December 2024, while collective redundancies have now been authorised. The redundancies will be carried out in the period up to 28 February 2025. Notice periods will end at the latest at the end of May.
Rafako, established in 1949, specialised in energy infrastructure projects and was one of the key employers in the region.
Eurofound (2025), Rafako, Bankruptcy in Poland, factsheet number 202292, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202292.