Type
Bankruptcy
Country
Poland
Region
Poludniowy; Slaskie; Bielsko-bialski
Location of affected unit(s)
Żywiec
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17 - Manufacture of paper and paper products

148 jobs
Number of planned job losses
Job loss
Announcement Date
7 May 2017
Employment effect (start)
7 May 2017
Foreseen end date

Description

Polish producer of paper products Żywieckie Zakłady Papiernicze Solali has announced that it will implement a collective dismissal programme affecting 148 jobs at the unit in Żywiec. The company entered a liquidation process last September (2016) as the company has about PLN 30 million debt (EUR 7.15 million USD 7.91 million), and some of the employees have not received salaries since March 2017. The company’s trustee has tried to find a new investor.

The factory in Żywiec was established in 1833. The company is specialised in the production of pure pulp papers, napkin tissue papers, decorative tissue papers and tablecloths.


Sources

  • 7 May 2017: Strefa Biznesu

Citation

Eurofound (2017), Żywieckie Zakłady Papiernicze Solali, Bankruptcy in Poland, factsheet number 90967, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90967.