Lotos

Type
Business expansion
Country
Poland
Region
Location of affected unit(s)
Sector
Manufacturing
(19) Manufacture of coke and refined petroleum
19.2 - Manufacture of refined petroleum products and fossil fuel products
19.2 - Manufacture of refined petroleum products and fossil fuel products
225 jobs
Number of planned job creations
Job creation
Announcement Date
21 January 2005
Employment effect (start)
Foreseen end date

Description

Lotos Group, second biggest Polish fuel producer and distributor, announced that it is ready to hire at least half of the workers of bankrupted refinery Glimar. Lotos will become Glimar’s major shareholder but will not take over its commitments.

Sources

  • 21 January 2005: Rzeczpospolita

Citation

Eurofound (2005), Lotos, Business expansion in Poland, factsheet number 61042, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61042.