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.
Szczecin Steelworks has stop operating. Half of the workers were dismissed. Remaining half keeps the factory in production readiness. The steelworks couldn't face competition with other companies, due to high prices of raw materials. Company's owner doesn't want bankruptcy as if this would occur, Szczecin Port management has preemption to buy the embankment area, where Szczecin Steelworks is localised. The land is of a bigger value than the old steelworks itself.
Eurofound (2005), Huta Szczecin, Bankruptcy in Poland, factsheet number 62116, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62116.