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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.51 - Casting of iron
114 jobs Number of planned job losses
Announcement Date
3 June 2005
Employment effect (start)
Foreseen end date
Description
Management of Huta Królewska explained the need for jobcuts as a result of low demand for its products. The dismissals procedure began in June 2005. Due to negotiations with trade unions, the number of dismissed was reduced from planned 142 to 114. Laid off workers are excluded from social package, that was negotiated during privatisation process of Polish Ironworks, as Królewska is only a subsidiary company of Mittal Steel Poland (former Polish Ironworks).
Sources
6 June 2005: Puls Biznesu
3 June 2005: Rzeczpospolita
Citation
Eurofound (2005), Huta Królewska, Internal restructuring in Poland, factsheet number 61732, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61732.
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