Grupa Azoty Siarkopol

Type
Internal restructuring
Country
Poland
Region
Makroregion centralny; Łódzkie; Sieradzki
Location of affected unit(s)
Grzybów
Sector
Mining / Quarrying
08 - Other mining and quarrying
08.9 - Mining and quarrying n.e.c.
08.91 - Mining of chemical and fertiliser minerals
250 jobs
Number of planned job losses
Job loss
Announcement Date
23 November 2019
Employment effect (start)
23 November 2019
Foreseen end date

Description

The Polish sulfur mining company Grupa Azoty Siarkopol, located in Grzybów, announced its plans to shed up to 250 job positions. According to management, the redundancies will affect all units of the company. The restructuring is due to difficulties in global sulfur market and falling profits. Siarkopol will reduce the production of sulfur by between 20% and 60% to address the situation, the company revealed. The company has not announced any official redundancy plans, yet.

Currently, the union is organising protests.

Operating since 1966, the company is the only one active sulfur mining company in Poland employing 820 people. In 2013, the company became a part of Grupa Azoty, a state-owned chemical group.

Sources

Citation

Eurofound (2019), Grupa Azoty Siarkopol, Internal restructuring in Poland, factsheet number 99232, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99232.