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 - Manufacture of basic metals
2,400 jobs Number of planned job losses
Announcement Date
17 March 2006
Employment effect (start)
1 January 2009
Foreseen end date
Description
Under its privatisation agreement, Mittal Steel Poland, the largest producer of steel in Poland, is obliged to reduce employment from presently 12800 to 10400 employees, in line with recommendations by the European Commission.
However, in the first of a series of collective agreements, the Executive Board of Mittal Steel Poland, now guarantees to maintain present employment levels in its subsidiaries until 2009. Once signed by all parties concerned, the agreement will cover 7500 employees of Mittal subsidiaries. Mittal Steel Poland presently employs 12800 people, with a futher 7600 working for its various subsidiaries. Dismissals will commence in the beginning of 2009.
Sources
17 March 2006: Rzeczpospolita
Citation
Eurofound (2006), Mittal Steel Poland, Internal restructuring in Poland, factsheet number 63175, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63175.
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