Restructuring events
European Restructuring Monitor (ERM)
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.
The bankruptcy of Fablok in Chorzów was ratified by a court decision on 23 May 2013. As a consequence, 350 workers will be dismissed.
It is reported that the company has over 64 mln PLN debts. Moreover, workers have not received salaries for the last 6 months.
Founded in 1919, Fablok was the oldest Polish factory of locomotives.
Eurofound (2013), Fablok, Bankruptcy in Poland, factsheet number 75437, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75437.