Type
Bankruptcy
Country
Poland
Region
Location of affected unit(s)
Poznań
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products

300 jobs
Number of planned job losses
Job loss
Announcement Date
29 September 2004
Employment effect (start)
Foreseen end date

Description

The Pozmeat meat processing plant from Poznań has filed for bankruptcy (with a liquidation option) with the courts. Pozmeat has justified this move in reference to its difficult financial situation, aggravated by the rise in livestock prices following Poland's accession to the European Union. As a result, some 300 people may lose their jobs.


Sources

  • 30 September 2004: Gazeta Wyborcza

Citation

Eurofound (2004), Pozmeat, Bankruptcy in Poland, factsheet number 60640, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60640.