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 bankrupt Fabryka Maszyn Tarnow is to dismiss all of its 180 staff in Tarnow. This follows a court’s decision on the company’s liquidation 15 October 2013.
The company had run deficits and had problems to finance its operations. Workers had not received salaries since July 2013. The company’s trustee announced to apply for compensation payments for workers from the Guaranteed Employee Benefits Fund.
Fabryka Maszyn Tarnow was in the hands of German GDW Werkzeugmaschinen Herzogenaurach after the latter had bought the company in 2012.
Eurofound (2013), Fabryka Maszyn Tarnow, Bankruptcy in Poland, factsheet number 76071, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76071.