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.
The Milicz Work Cooperative, Poland's oldest producer of Christmas tree
decorations, has announced its bankruptcy and the loss of 100 jobs. Competition of cheaper products from China and the weak dollar are reasons evoked for the decision. Milicz Christmas tree decorations were once exported to the United States, Canada, Holland, Australia, and New Zealand, among other countries. In the late 1990s, the cooperative had a workforce of over 300 persons; this has since been reduced to approximately 100 workers, all of whom will now lose their job.
Eurofound (2008), Milicz Work Cooperative, Bankruptcy in Poland, factsheet number 66875, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66875.