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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Household Equipment In Specialised Stores 47.54 - Retail sale of electrical household appliances in specialised stores
400 jobs Number of planned job losses
Announcement Date
14 May 2014
Employment effect (start)
14 May 2014
Foreseen end date
Description
The Polish group Domex has announced that it will cut 400 jobs following its bankruptcy in May. The sources report that the group owns a chain of electronic stores Avans and has two distribution centres located in Konin and Chmielów.
The sources report that the group has launched a restructuring programme as it is PLN 380 million in debt. According to the sources, the restructuring programme will see 170 jobs cut at the Avans chain and 230 jobs cut at ME Logistic, a subsidiary of Domex, which provides logistic and storage services for the Avans chain.
Sources
14 May 2014: Onet.pl
14 May 2014: Strefa Biznesu
Citation
Eurofound (2014), Domex, Bankruptcy in Poland, factsheet number 77227, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77227.
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