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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
1,000 jobs Number of planned job losses
Announcement Date
22 August 2012
Employment effect (start)
22 August 2012
Foreseen end date
Description
In August 2012, the District Court of Rzeszów announced the bankruptcy of the supplier of automotive systems Transsystem. All 1000 workers will be dismissed.
It is reported that the company has acquired debts of almost 100 mln PLN and workers have not received salaries since June 2012.
Transsystem used to produce for global automotive companies such as VW, Porsche, Ferrari, BMW, Audi, Volvo, Fiat, Renault.
Sources
22 August 2012: Rzeczpospolita
22 August 2012: Gazeta Wyborcza ()
Citation
Eurofound (2012), Transsystem, Bankruptcy in Poland, factsheet number 74274, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74274.
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