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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.2 - Manufacture of railway locomotives and rolling stock
320 jobs Number of planned job losses
Announcement Date
14 May 2014
Employment effect (start)
14 May 2014
Foreseen end date
31 May 2014
Description
Polish company Tabor Szynowy Opole, which manufactures railway rolling stock, has announced it will cut 320 jobs when it closes its production unit in Opole. The company specialised in the repair of carriages and the production and repair of freight cars.
According to the source, the company was declared bankrupt by a court in February. The source also notes that workers have not received salaries since November 2013. The unit will close by the end of May 2014 and workers will receive a severance pay.
The ERM has previously reported on restructuring events at Tabor Szynowy Opole in 2012 and 2009.
Sources
14 May 2014: Wirtualny Nowy Przemysł
Citation
Eurofound (2014), Tabor Szynowy Opole, Bankruptcy in Poland, factsheet number 77029, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77029.
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