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.
Signify, a light bulb manufacturer, closed its plant in Bielsko-Biała and 128 employees lost their jobs.
Management cited the displacement of traditional light bulbs, which the plant produced, from the market in favour of LED lighting as the reason for the closure. T. A year ago, the Labour Office received information about the planned closure of the plant and was informed at the time that it would close in 2024; the plant closed on 1 October. All employees lost their jobs; the plant offered severance payments to employees depending on their length of service.
Signify N.V., formerly known as Philips Lighting N.V., is a Dutch multinational lighting corporation formed in 2016.
A recent case of mass layoffs my the same company can be found here: Signify - 2023 - PL
Eurofound (2024), Signify, Closure in Poland, factsheet number 201716, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201716.
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