Type
Closure
Country
Poland
Region
Polnocny; Warminsko-Mazurskie;
Location of affected unit(s)
Szczytno
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Manufacture Of Furniture
31.0 - Manufacture of furniture

419 jobs
Number of planned job losses
Job loss
Announcement Date
8 January 2014
Employment effect (start)
1 May 2014
Foreseen end date

Description

Furniture producer FS Favorit Furniture announced plans to close down its unit in Szczytno (Warmian-Masurian Voivodeship) and cut all 419 jobs by the end of April 2014. The company will implement a collective dismissal programme.

As reported, the factory is no longer profitable due to a shrinking order book and a decline in the furniture market. FS Favorit Furniture is a part of the multinational IMS Switzerland group.


Sources

  • 8 January 2014: Rzeczpospolita

Citation

Eurofound (2014), FS Favorit Furniture, Closure in Poland, factsheet number 76456, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76456.