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.
Mining / Quarrying Mining And Quarrying Other Mining And Quarrying 08.11 - Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate
400 jobs Number of planned job losses
Announcement Date
11 May 2012
Employment effect (start)
11 May 2012
Foreseen end date
Description
On 11 May 2012, a court decision was handed down announcing the bankruptcy of Kieleckie Kopalnie Surowców Mineralnych (KKSM) in Kielce. All 400 workers will be dismissed.
The main reasons for filing the application was the company's insolvency arising from its involvement in road construction projects, in particular the construction of a section of the A2 motorway. The project was blamed for the financial difficulties of KKSM.
Founded in 1874 KKSM was purchased by Dolnośląskie Surowce Skalne (DSS) in 2011. Today DSS is also at risk of bankruptcy.
Sources
11 May 2012: Wirtualny Nowy Przemysł ()
15 May 2012: Gazeta Wyborcza ()
Citation
Eurofound (2012), Kieleckie Kopalnie Surówców Mineralnych (KKSM), Bankruptcy in Poland, factsheet number 73626, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73626.
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