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 Fabricated Metal Products, Except Machinery And Equipment 25.93 - Manufacture of wire products, chain and springs
900 jobs Number of planned job losses
Announcement Date
10 November 2008
Employment effect (start)
Foreseen end date
30 April 2009
Description
Telefonika Kable – the maker of cables for an assortment of applications in the energy, telecoms, transport, mining, and automotive industries – is planning redundancy of 900 workers out of an aggregate workforce of 3,565 by the end od April 2009. The redundancies will affect all of Telefonika’s production units, located in Myślenice, Krakow, Szczecin and Bydgoszcz. The reason of the redudancy in employment level is falling in orders for the company's products. The company had to reduce production and cut employment.
Sources
10 November 2008: Puls Biznesu
Citation
Eurofound (2008), Tele-fonika Kable, Internal restructuring in Poland, factsheet number 67452, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67452.
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