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.
Black Red White, a furniture producer, is closing its factory in Przeworsk, resulting in 220 job losses.
The closure follows the worsening economic situation of the company, and refocus in production towards products other than produced at the factory. The layoffs are scheduled to begin by February 28, 2025. The downsizing process is expected to last until June, and the company does not rule out that employees from outside Przeworsk may be affected by the situation. Discussions with the trade unions are ongoing, local labour office will support laid-off employees. Black Red White, once Poland’s leading furniture manufacturer, became part of Austria’s XXX Lutz Group three years ago and reports annual revenues of approximately PLN 5 billion.
Eurofound (2025), Black Red White, Closure in Poland, factsheet number 202242, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202242.