Krosno

Type
Internal restructuring
Country
Poland
Region
Makroregion wschodni; Podkarpackie; Krośnieński
Location of affected unit(s)
Krosno
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23 - Manufacture of other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
200 jobs
Number of planned job losses
Job loss
Announcement Date
16 December 2005
Employment effect (start)
Foreseen end date
31 December 2005

Description

The company is to reduce its workforce in order to cut operational costs. Financial gains of the group are much smaller than expected. Krosno undertakes decisions that are to bring few millions PLN savings a year. In 2005, the biggest savings are to be obtained through workforce cuts.

Sources

  • 16 December 2005: Rzeczpospolita

Citation

Eurofound (2005), Krosno, Internal restructuring in Poland, factsheet number 62640, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62640.