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 29.3 - Manufacture of parts and accessories for motor vehicles
200 jobs Number of planned job losses
Announcement Date
5 June 2004
Employment effect (start)
Foreseen end date
Description
Faced with net losses over several consecutive years, the directors of Wytwórnia Silników Wysokprężnych Andoria, a diesel engine producer, have drawn up a restructuring plan planning entity to be transformed into a management company. Andoria's workforce has already been reduced to 247 people, down from 1,000; by 2005, it will be employing only 40-47 people working in various asset management capacities.
Sources
6 June 2004: Rzeczpospolita
Citation
Eurofound (2004), Wytwórnia Silników Wysokoprężnych Andoria, Internal restructuring in Poland, factsheet number 60445, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60445.
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