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 Of Food And Beverage Manufacture Of Food Products 10.81 - Manufacture of sugar
700 jobs Number of planned job losses
Announcement Date
23 April 2004
Employment effect (start)
30 April 2006
Foreseen end date
Description
It is estimated that the Polish National Sugar Company has a production overcapacity of about 40%. In order to return to profitability, a restructuring programme has been set up. It involves the closure of 4 of the 22 production sites of the company: Borowiczki, Sokołów, Żnin, Klemensów. Discontinuation of production at these four sugar refineries will entail the dismissal of some 700 employees. According to the collective agreement the dismissals will start from 30 April 2006.
Sources
12 May 2004: Rzeczpospolita
23 April 2004: Rzeczpospolita
Citation
Eurofound (2004), National Sugar Company, Internal restructuring in Poland, factsheet number 60354, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60354.
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