Fabryka Łączników

Type
Bankruptcy
Country
Poland
Region
Makroregion województwo mazowieckie; Mazowiecki regionalny; Radomski
Location of affected unit(s)
Radom
Sector
Manufacturing
(24 - 25) Manufacture of metals
24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
400 jobs
Number of planned job losses
Job loss
Announcement Date
6 March 2012
Employment effect (start)
6 March 2012
Foreseen end date

Description

In February 2012 a court decision was handed down announcing the bankruptcy of Fabryka Łączników (Fittings Factory) in Radom. All of the around 400 employees will be dismissed.

Most of the employees have not received payment since December 2011. The company had financial problems. It was privatized in 2010 but it did not help to save the company.

Fabryka Łączników in Radom has been operating in Radom since 1959.

Sources

  • 2 April 2012: Onet (m.onet.pl)
  • 6 March 2012: Onet ()

Citation

Eurofound (2012), Fabryka Łączników, Bankruptcy in Poland, factsheet number 73551, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73551.