ISD Częstochowa

Type
Internal restructuring
Country
Poland
Region
Makroregion południowy; Śląskie; Częstochowski
Location of affected unit(s)
Częstochowa
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
200 jobs
Number of planned job losses
Job loss
Announcement Date
22 May 2014
Employment effect (start)
22 May 2014
Foreseen end date

Description

ISD Częstochowa, a steel mill based in Poland, has announced that it will cut 200 jobs as part of its restructuring programme. The exact timeline for the restructuring has not yet been announced.

These job cuts are part of the redundancy programme that was announced by the company in 2013. The restructuring is a result of the crisis which hit the steel industry. The source reports that ISD Częstochowa has cut its staff from 3,050 to 1,480 over the last 12 months.

The ERM previously reported on restructuring events at ISD Częstochowa in 2013 and 2011.

Sources

  • 22 May 2014: Wirtualny Nowy Przemysł

Citation

Eurofound (2014), ISD Częstochowa, Internal restructuring in Poland, factsheet number 77127, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77127.