Type
Internal restructuring
Country
Poland
Region
Centralny; Lodzkie; Lodzki
Location of affected unit(s)
Pabianice
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13 - Manufacture of textiles

100 jobs
Number of planned job losses
Job loss
Announcement Date
10 December 2004
Employment effect (start)
Foreseen end date

Description

Pabia of Pabianice, a clothing manufacturer and distributor, has declared bankruptcy on 10 December 2004, following a very ambitious series of investments which left the company struggling with a large debt load. Of the 296 people now employed at Pabia, 100 are expected to lose their jobs.


Sources

  • 12 December 2004: Gazeta Wyborcza

Citation

Eurofound (2004), Pabia, Internal restructuring in Poland, factsheet number 60898, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60898.