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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.15 - Manufacture of bearings, gears, gearing and driving elements
176 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74537.
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