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.
Industrial locking systems manufacturing company Southco announced the opening of a new plant in Tajęcina near Rzeszów. The business expansion is expected to create 180 new job positions within the next few years. With an area of 5,600 square metres, the plant already has a workforce of around 70 employees, which is ultimately planned to reach an employment level of 500 people.
Founded in 1899, currently a subsidiary of TouchPoint, the company produces locking systems, including locks, latches, hinges and handles, for the automotive, construction, medical equipment, telecommunications and IT industries.
Eurofound (2019), Southco, Business expansion in Poland, factsheet number 98903, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98903.
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