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.
Mazurskie Meble, a furniture producer owned by Schieder of Germany, has decided to shut down its factory in Olsztyn, resulting in the loss of 130 jobs. Mazurskie Meble exported no less than 85% of its products, and the strong złoty has led to a considerable drop in its revenues. Mazurskie Meble operates 12 more factories around Poland, and there looms the danger that these may likewise be shut down, leaving 4000 people out of work.
Eurofound (2006), Mazurskie Meble, Closure in Poland, factsheet number 63362, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63362.