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
230 jobs Number of planned job losses
Announcement Date
8 August 2006
Employment effect (start)
Foreseen end date
Description
Malma of Malbork, one of the two largest pasta producers in Poland, is facing bankruptcy; its collapse would put 230 jobs at risk. MalmaÂ’s indebtedness with Bank Pekao S.A. has reached PLN 150 million, and the bank blames this state of affairs on allegedly poor management. MalmaÂ’s chairman, meanwhile, maintains that his companyÂ’s problems began with the 1998 crisis in the Russian market (which caused a reduction in orders for Malma products) and were aggravated by the rise of interests rates over the years 2001-2003.
Sources
9 August 2006: Rzeczpospolita
8 August 2006: Rzeczpospolita
Citation
Eurofound (2006), Malma, Bankruptcy in Poland, factsheet number 63879, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63879.
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