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.
Swiss producer of office materials Biella Poland, a subsidiary of Biella group, has announced that it will close down its production facility in Szydłowiec. As a result, all 179 employees will be dismissed through a collective dismissal programme which will be carried out by July 2018. The source reports that redundant employees will receive severance pay according to seniority level.
The group has five production sites, and four distribution centres across Europe. The unit in Szydłowiec is specialized in the production of lever arch files, ring binders, paper boxes and magazine racks.
Eurofound (2018), Biella Poland, Closure in Poland, factsheet number 93776, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93776.