Restructuring events
European Restructuring Monitor (ERM)
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.
Finnish producer of wiring systems PKC Group announced that it is cut 502 jobs as a result of closure of the factory in Sosnowiec by the end of 2014. The production will be relocated to the new factory in Serbia, and the restructuring programme is associated with the consolidation of the wiring systems business in Europe and South America.
The factory in Sosnowiec was founded in 1998 by German company Segu and it was acquired by PKC Group in 2011.
PKC Group designs and produces wiring systems mainly for automotive industry. The group has production units in Brazil, China, Estonia, Lithuania, Serbia, Finland, Germany, Mexico, Poland, Russia, Ukraine and the USA.
The ERM reported previous restructuring events in 2012 and 2009.
Eurofound (2014), PKC Group, Offshoring/Delocalisation in Poland, factsheet number 77808, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77808.