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 25.73 - Manufacture of tools
180 jobs Number of planned job losses
Announcement Date
15 October 2013
Employment effect (start)
15 October 2013
Foreseen end date
Description
The bankrupt Fabryka Maszyn Tarnow is to dismiss all of its 180 staff in Tarnow. This follows a court’s decision on the company’s liquidation 15 October 2013.
The company had run deficits and had problems to finance its operations. Workers had not received salaries since July 2013. The company’s trustee announced to apply for compensation payments for workers from the Guaranteed Employee Benefits Fund.
Fabryka Maszyn Tarnow was in the hands of German GDW Werkzeugmaschinen Herzogenaurach after the latter had bought the company in 2012.
Sources
17 October 2013: Tarnów Nasze Miasto
15 October 2013: Gazeta Wyborcza
Citation
Eurofound (2013), Fabryka Maszyn Tarnow, Bankruptcy in Poland, factsheet number 76071, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76071.
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