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.
In April 2004, the Ispat Polska Stal (four metallurgy plants in the Silesia region and the Tadeusz Sędzimir plant in Cracow) were taken over by LNM group. The new owner is now carrying out a restructuring plan at the plants aiming at reducing production costs; by the end of 2006, combined employment at the four plants is to be downsized from the present 14,800 workers to 10,400.
Eurofound (2004), Ispat Polska Stal, Internal restructuring in Poland, factsheet number 60506, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60506.