Type
Bankruptcy
Country
Poland
Region
Polnocny; Warminsko-Mazurskie; Olsztynski
Location of affected unit(s)
Olsztyn
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Manufacture Of Furniture
31 - Manufacture of furniture

350 jobs
Number of planned job losses
Job loss
Announcement Date
27 August 2008
Employment effect (start)
Foreseen end date

Description

Olsztyńskie Fabryki Mebli, the producer of kitchen and bathroom furniture, announced its bankruptcy in August 2008. Consequently the 350 employees will lose their jobs. The company has debts of approximately PLN 40 million and is struggling on account of a sharp decline in orders.


Sources

  • 27 August 2008: Rzeczpospolita

Citation

Eurofound (2008), Olsztyńskie Fabryki Mebli, Bankruptcy in Poland, factsheet number 67026, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67026.