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.
Mining / Quarrying Mining And Quarrying Other Mining And Quarrying 08.91 - Mining of chemical and fertiliser minerals
100 jobs Number of planned job creations
Announcement Date
3 August 2017
Employment effect (start)
1 January 2018
Foreseen end date
Description
Polish company Polska Siarka announced it will create 100 new jobs at its new sulphur mine in Basznia near Lubaczów by spring 2018. The company plans to invest about PLN 70 million (EUR 16.49mn USD 19.42mn) in the project by spring 2018. The sulphur mine will be launched in late 2017, and full productivity of the unit is expected to be reached in spring 2018. The company is the second one globally which will use the 'underground smelting' method. The source reports the deposits in Basznia are estimated at 100 million tones and it will be used in the production of cosmetics and medicines.
Sources
3 August 2017: Money.pl
Citation
Eurofound (2017), Polska Siarka, Business expansion in Poland, factsheet number 91730, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91730.
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