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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41 - Construction of buildings
880 jobs Number of planned job losses
Announcement Date
11 November 2013
Employment effect (start)
20 November 2013
Foreseen end date
31 March 2014
Description
Construction company Polimex Mostostal announced plans to implement a restructuring programme affecting 880 jobs by the end of March 2014. As reported, the company signed a bilateral agreement with the local trade unions setting out the conditions of the dismissal procedures. The redundant workers will receive severance pay.
Since 2012 the company has faced financial difficulties due to the decline on the construction sector in Poland. For the most recently reported restructuring event see here.
Sources
12 November 2013: Puls Inwestora
11 November 2013: Wirtualny Nowy Przemysł
Citation
Eurofound (2013), Polimex Mostostal, Internal restructuring in Poland, factsheet number 76228, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76228.
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