Type
Bankruptcy
Country
Poland
Region
Polnocny; Pomorskie; Gdansk-Gdynia-Sopot
Location of affected unit(s)
Gdynia
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30 - Manufacture of other transport equipment

250 - 350 jobs
Number of planned job losses
Job loss
Announcement Date
22 December 2009
Employment effect (start)
1 October 2009
Foreseen end date
30 April 2010

Description

Stocznia Marynarki Wojennej, a shipyard in Gdynia, is to dismiss about 250 employees and will offer voluntary redundancy to another 100 workers. On 22 December 2009, the District Court in Gdansk announced the bankruptcy of the shipyard following negotiations between the shipyard's management and its creditors.

213 workers have already been given notice and another 30 or more will be dismissed in April 2010 leading to a total of at least 250 redundancies. A further 100 workers will be offered voluntary departure.

The shipyard, that employed around 1250 people before the bankruptcy, produces containers, product tankers, harbour tug boats, floating cranes and patrol crafts.

The bankruptcy was declared in order to achieve some agreement between the company and its creditors. This is an opportunity to pay off the debts of the company, abolish some debts or postpone maturity. No liquidator was appointed by the court but previous management remains in charge.


Sources

  • 17 October 2009: Wirtualny Nowy Przemys┼é Webside
  • 14 September 2009: Polska Agencja Prasowa Webside (www.pap.pl)
  • 22 December 2009: Wirtualny Nowy Przemys┼é Webside

Citation

Eurofound (2009), Stocznia Marynarki Wojennej, Bankruptcy in Poland, factsheet number 69530, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69530.