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 Basic Metals 24.5 - Casting of metals
200 jobs Number of planned job losses
Announcement Date
17 February 2009
Employment effect (start)
Foreseen end date
30 June 2009
Description
In January 2009, the directors of Huta Cynku Miasteczko ÅšlÄ…skie (HCM), the zinc mine, made an agreement with trade unions active at HCM with regard to group redundancies. A fifth of HCM's 1,000 employees will be made redundant by the end of June 2009. HCM is one of Poland's largest producers of zinc and lead. It is now facing liabilities in excess of PLN 100 million; it posted a loss for 2008, and its banks have scaled back financing.
Sources
17 February 2009: Polska Agencja Prasowa Webside (www.pap.pl)
Citation
Eurofound (2009), Huta Cynku Miasteczko ÅšlÄ…skie, Internal restructuring in Poland, factsheet number 68229, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68229.
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