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 - Manufacture of fabricated metal products, except machinery and equipment
250 jobs Number of planned job losses
Announcement Date
8 August 2011
Employment effect (start)
Foreseen end date
Description
In Septeber 2011 a court decision was handed down announcing the bankruptcy of century-old Bydgoszcz Centrostal. This manufacturer of steel mill products is dismissing all its 250 employees. The company was strongly affected by the financial crisis and the main reason behind the bankruptcy (as well dismissals) was the critical financial situation of the Bydgoszcz Centrostal.
Sources
8 August 2011: TVP Bydgoszcz ()
26 September 2011: Express Bydgoski ()
Citation
Eurofound (2011), Centrostal Bydgoszcz, Bankruptcy in Poland, factsheet number 72435, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72435.
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