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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
270 jobs Number of planned job losses
Announcement Date
10 July 2004
Employment effect (start)
Foreseen end date
Description
The considerable debts of the Porcelain Factory Książ in Wałbrzych (it owes money to some 200 different creditors) has led it to pursue a restructuring programme whose objectives include the reduction of production costs. Collective redundancies have been announced; they will affect 270 people, one fourth of the entire workforce. Should the restructuring programme fail, the entire factory will be faced with the prospect of bankruptcy; if this worst case scenario comes to pass, 1,080 people will be left without jobs.
Sources
11 July 2004: Gazeta Wyborcza
Citation
Eurofound (2004), Porcelain Factory Książ, Internal restructuring in Poland, factsheet number 60447, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60447.
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