Type
Closure
Country
Poland
Region
Location of affected unit(s)
Tychy
Sector
Utilities
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35 - Electricity, gas, steam and air conditioning supply

240 jobs
Number of planned job losses
Job loss
Announcement Date
21 August 2006
Employment effect (start)
Foreseen end date

Description

Elektrociepłownia Tychy, a heat generation plant, is indebted to the level of PLN 140 million; its directors have applied to the courts for commencement of liquidation proceedings. The 240 persons now employed at Elektrociepłownia Tychy may lose their jobs. The entity's rising debts were caused by costly investments which failed to generate the hoped-for yields.


Sources

  • 21 August 2006: Rzeczpospolita

Citation

Eurofound (2006), Elektrociepłownia Tychy, Closure in Poland, factsheet number 63945, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63945.