Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2017), Żywieckie Zakłady Papiernicze Solali, Bankruptcy in Poland, factsheet number 90967, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90967.