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 24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
400 jobs Number of planned job losses
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 ÅÄ…czników (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 ÅÄ…czników in Radom has been operating in Radom since 1959.
Eurofound (2012), Fabryka ÅÄ…czników, Bankruptcy in Poland, factsheet number 73551, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73551.
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