Zakład Maszyn Budowlanych

Type
Bankruptcy
Country
Poland
Region
Makroregion wschodni; Podkarpackie; Przemyski
Location of affected unit(s)
Lubaczów
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
217 jobs
Number of planned job losses
Job loss
Announcement Date
26 September 2004
Employment effect (start)
Foreseen end date

Description

Zakład Maszyn Budowlanych of Lubaczów, a manufacturer of tools for assembly of construction equipment, has filed for bankruptcy, with a liquidation option; 217 jobs are at stake. Reasons for Lubaczów's present difficulties include bad management and EU rules governing state aids.

Sources

  • 27 September 2004: Solidarność

Citation

Eurofound (2004), Zakład Maszyn Budowlanych, Bankruptcy in Poland, factsheet number 60642, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60642.