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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.6 - Manufacture of articles of concrete, cement and plaster
200 jobs Number of planned job losses
Announcement Date
18 February 2015
Employment effect (start)
1 March 2015
Foreseen end date
Description
On 18th of February 2015, H+H Poland, the manufacturer of autoclaved aerated concrete, has announced its plan to shut down four out of ten production plants located in Poland. According to the company, despite its high market position, the profitability of those units was very low. As a result 200 workers will be made redundant by the end of February 2015. The company has negotiated with the local trade unions the conditions of the restructuring programme. The redundant workers will receive severance pay of up to 7,5 of their monthly wages.
Over the next two years H+H Poland is planning to increase its optimal production capacity. In order to achieve this goal the company will increase the level of investment spending by about PLN 11 mn (EUR 2.63 mn USD 3 mn).
Sources
18 February 2015: Wirtualny Nowy Przemysl
20 February 2015: Gazeta Wyborcza
Citation
Eurofound (2015), H+H Polska, Internal restructuring in Poland, factsheet number 78783, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78783.
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