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.
Mining / Quarrying Mining And Quarrying Mining Of Coal And Lignite 05 - Mining of coal and lignite
170 jobs Number of planned job losses
Announcement Date
19 July 2007
Employment effect (start)
30 September 2007
Foreseen end date
30 September 2007
Description
The executive board of Katowicki Holding Węglowy (KHW), the coal mining group, has decided to close its subsidiary, Katowicki Węgiel, with the loss 170 jobs. The firm acted as an intermediary in the sale of coal from KHW’s mines, and will close by September 2007. The reason behind the closure was that the Supreme Chamber of Control, Poland’s state audit body, determined that Katowicki Węgiel realised high revenues on the various margins and commissions paid by KHW mines and that there was no legitimate need for an intermediary of this sort to continue in operation.
Sources
19 July 2007: Wirtualny Nowy Przemysł Webside
Citation
Eurofound (2007), Katowicki Węgiel, Closure in Poland, factsheet number 65621, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65621.
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