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.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
1,000 jobs Number of planned job creations
Announcement Date
20 February 2006
Employment effect (start)
Foreseen end date
Description
The meat processing company, Pozmeat, fell into liquidation in September 2004 after years of quarrelling between individual and corporate shareholders, which have traded accusations of over-investing, excessive debt, and
obstruction of plans to improve the situation. The company went bankrupt in February 2005 and all workers were fired. Now Pozmeat’s premises are to be sold to a Dutch investor, who wants to reactivate production. Pozmeat is to employ circa 1,000 people, mainly women.
Sources
20 February 2006: Rzeczpospolita
Citation
Eurofound (2006), Pozmeat, Merger/Acquisition in Poland, factsheet number 62956, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62956.
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