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 Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
200 jobs Number of planned job losses
Announcement Date
22 May 2014
Employment effect (start)
22 May 2014
Foreseen end date
Description
ISD Cz?stochowa, a steel mill based in Poland, has announced that it will cut 200 jobs as part of its restructuring programme. The exact timeline for the restructuring has not yet been announced.
These job cuts are part of the redundancy programme that was announced by the company in 2013. The restructuring is a result of the crisis which hit the steel industry. The source reports that ISD Cz?stochowa has cut its staff from 3,050 to 1,480 over the last 12 months.
The ERM previously reported on restructuring events at ISD Cz?stochowa in 2013 and 2011.
Sources
22 May 2014: Wirtualny Nowy Przemysł
Citation
Eurofound (2014), ISD Częstochowa, Internal restructuring in Poland, factsheet number 77127, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77127.
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