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.
Manufacturing (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.3 - Manufacture of motor vehicle parts and accessories
200 jobs Number of planned job losses
Announcement Date
5 June 2004
Employment effect (start)
Foreseen end date
Description
Faced with net losses over several consecutive years, the directors of Wytwórnia Silników Wysokprężnych Andoria, a diesel engine producer, have drawn up a restructuring plan planning entity to be transformed into a management company. Andoria's workforce has already been reduced to 247 people, down from 1,000; by 2005, it will be employing only 40-47 people working in various asset management capacities.
Sources
6 June 2004: Rzeczpospolita
Citation
Eurofound (2004), Wytwórnia Silników Wysokoprężnych Andoria, Internal restructuring in Poland, factsheet number 60445, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60445.