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 Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
180 jobs Number of planned job losses
Announcement Date
21 October 2008
Employment effect (start)
1 October 2008
Foreseen end date
Description
In October 2008, Stradom – a member company of the FAM group – initiated a restructuring operation on its technical fibres production facility in Częstochowa (which makes fabrics for agricultural uses, netting used to reinforce walls, an assortment of plastic yarns, polypropylene packaging, and other items). The plans call for redundancy of approximately 180 workers – almost half the current workforce. Stradom has registered production loss; its situation is aggravated by unfavourable exchange rates and by high oil prices.
Sources
21 October 2008: Puls Biznesu
Citation
Eurofound (2008), Stradom, Internal restructuring in Poland, factsheet number 67259, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67259.
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