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 24.52 - Casting of steel
120 jobs Number of planned job losses
Announcement Date
15 March 2010
Employment effect (start)
15 March 2010
Foreseen end date
16 August 2010
Description
Huta CMC Zawiercie, the third largest steel producer in Poland, announced a collective dismissal programme affecting 120 employees. The programme has been designed in an agreement with company-level trade unions. 40 of the people to be laid off are acquiring retirement rights or pre-retirement benefits this year. In his announcement, the steelwork's president explained that the dismissals are a consequence of the economic crisis and a decline in steel production. The timeline for the dismissals is five months, until August 2010. It is not ruled out that the actual job reduction will be less if the financial condition of the steelworks improves quickly.
Sources
15 March 2010: Wirtualny Nowy Przemysł (www.wnp.pl)
Citation
Eurofound (2010), Huta CMC Zawiercie, Internal restructuring in Poland, factsheet number 70294, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70294.
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