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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
100 jobs Number of planned job losses
Announcement Date
15 May 2008
Employment effect (start)
Foreseen end date
Description
Alutec, the Rzecz-based producer of aluminum elements and casts (for use, among other applications, in the automobile industry) plans to make 100 people redundant, out of its 300 employed workforce because it has not secured the hoped-for EU subsidies towards its development. The company borrowed heavily to purchase modern production hardware, and it had planned to cover the attendant costs with EU funds; these funds, however, were withheld because the company used funds contrary to their stated purpose.
Eurofound (2008), Alutec, Internal restructuring in Poland, factsheet number 66669, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66669.
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