Fabryka Łożysk Tocznych

Type
Internal restructuring
Country
Poland
Region
Makroregion wschodni; Lubelskie; Puławski
Location of affected unit(s)
Kraśnik
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.15 - Manufacture of bearings, gears, gearing and driving elements
176 jobs
Number of planned job losses
Job loss
Announcement Date
8 November 2012
Employment effect (start)
15 November 2012
Foreseen end date

Description

On 8 November 2012, producer of bearings Fabryka Łożysk Tocznych in Kraśnik announced plans to cut 176 jobs. The dismissals will have immediate effect, and the implementation will start mid-November

The restructuring is attributed to the general economic slowdown in Poland and a drop in orders.

Fabryka Łożysk Tocznych was founded in 1948 as a state-owned enterprise. In 1995 the company was privatized. The factory currently employs more than 2,000 workers.

Sources

  • 8 November 2012: Radio Lublin ()

Citation

Eurofound (2012), Fabryka Łożysk Tocznych, Internal restructuring in Poland, factsheet number 74537, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74537.