Type
Bankruptcy
Country
Poland
Region
Wschodni; Lubelskie;
Location of affected unit(s)
Świdnik
Sector
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
Job loss
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.