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.
On 17 January 2012, Polish furniture producer Bydgoskie Fabryki Mebli announced plans to reduce its workforce by 180 people. The dismissals are expected to be implemented in June 2012.
The redundant workers will receive a severance pay equal to three months of wages. Currently, the company negotiates with the local trade unions which are against the plans of collective dismissals.
Andrzej Iwanow, president of the company, blamed the cuts on the drop in demand for furniture in the Polish market, which has been visible since 2009.
Eurofound (2012), BFM, Internal restructuring in Poland, factsheet number 73008, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73008.