Type
Bankruptcy
Country
Poland
Region
Wschodni; Podkarpackie; Rzeszowsko-tarnobrzeski
Location of affected unit(s)
Dębica
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49 - Land transport and transport via pipelines

620 jobs
Number of planned job losses
Job loss
Announcement Date
26 April 2009
Employment effect (start)
1 April 2009
Foreseen end date

Description

In March 2009, the competent court announced the bankruptcy of Trans Południe, a haulage company based in Dębica, declaring that the company's debts of PLN 110 million exceed its capabilities. The entire workforce of 620 received notices terminating their employment in early April 2009. Trans Południe's fleet of almost 500 vehicles has shrunk to 70.


Sources

  • 26 April 2009: Wirtualny Nowy Przemysł Webside (www.wnp.pl)

Citation

Eurofound (2009), Trans Południe, Bankruptcy in Poland, factsheet number 68873, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68873.