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 41.2 - Construction of residential and non-residential buildings
350 jobs Number of planned job losses
Announcement Date
21 January 2014
Employment effect (start)
21 January 2014
Foreseen end date
Description
The bankruptcy of Polish construction company Henpol was ratified by a court decision on 21 January 2014. As a consequence 350 workers will be dismissed and the company will be liquidated. Henpol, like many Polish construction companies, has faced financial difficulties due to the decline in the construction sector in Poland. It is reported that the company has over 172 mln PLN debts. Moreover, workers have not received salaries since November 2013. Henpol was founded in 1987.
Sources
21 January 2014: Kurier Lubelski
21 January 2014: Dziennik Zachodni
Citation
Eurofound (2014), Henpol, Bankruptcy in Poland, factsheet number 76561, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76561.
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