Type
Bankruptcy
Country
Poland
Region
Centralny; Lodzkie;
Location of affected unit(s)
Pabianice (Łódzkie)
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13 - Manufacture of textiles

97 jobs
Number of planned job losses
Job loss
Announcement Date
10 December 2004
Employment effect (start)
Foreseen end date

Description

Pabia, one of the leading Polish textile manufacturer, announced bankruptcy. One third of almost 300 workers will lose their jobs. Last year Pabia’s management decided on increasing prices and quality of products. The company overinvested, it produced eight expensive lines and bought German brand - Hensel & Mortensen. In order to save the trade-mark, the whole company will be offered for sale next year.


Sources

  • 11 December 2004: Gazeta Wyborcza

Citation

Eurofound (2004), Pabia, Bankruptcy in Poland, factsheet number 60872, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60872.