Transsystem

Type
Bankruptcy
Country
Poland
Region
Makroregion wschodni; Podkarpackie; Rzeszowski
Location of affected unit(s)
Wola Dalsza
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
1,000 jobs
Number of planned job losses
Job loss
Announcement Date
22 August 2012
Employment effect (start)
22 August 2012
Foreseen end date

Description

In August 2012, the District Court of Rzeszów announced the bankruptcy of the supplier of automotive systems Transsystem. All 1000 workers will be dismissed.

It is reported that the company has acquired debts of almost 100 mln PLN and workers have not received salaries since June 2012.

Transsystem used to produce for global automotive companies such as VW, Porsche, Ferrari, BMW, Audi, Volvo, Fiat, Renault.

Sources

  • 22 August 2012: Rzeczpospolita
  • 22 August 2012: Gazeta Wyborcza ()

Citation

Eurofound (2012), Transsystem, Bankruptcy in Poland, factsheet number 74274, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74274.