Type
Bankruptcy
Country
Poland
Region
Wschodni; Podlaskie;
Location of affected unit(s)
Bielsk Podlaski
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41.2 - Construction of residential and non-residential buildings

200 jobs
Number of planned job losses
Job loss
Announcement Date
21 May 2014
Employment effect (start)
21 May 2014
Foreseen end date

Description

The bankruptcy of the Polish construction company Polbud was ratified by a court decision on 14 May 2014. As a consequence 200 jobs are lost and the company will be liquidated. It is also reported that workers have not received salaries since February 2014.

The company has been operating in Poland over 60 years.


Sources

  • 21 May 2014: Gazeta Wyborcza

Citation

Eurofound (2014), Polbud, Bankruptcy in Poland, factsheet number 77180, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77180.