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
250 jobs Number of planned job losses
Announcement Date
23 November 2019
Employment effect (start)
23 November 2019
Foreseen end date
Description
The Polish sulfur mining company Grupa Azoty Siarkopol, located in Grzybów, announced its plans to shed up to 250 job positions. According to management, the redundancies will affect all units of the company. The restructuring is due to difficulties in global sulfur market and falling profits. Siarkopol will reduce the production of sulfur by between 20% and 60% to address the situation, the company revealed. The company has not announced any official redundancy plans, yet.
Currently, the union is organising protests.
Operating since 1966, the company is the only one active sulfur mining company in Poland employing 820 people. In 2013, the company became a part of Grupa Azoty, a state-owned chemical group.
Eurofound (2019), Grupa Azoty Siarkopol, Internal restructuring in Poland, factsheet number 99232, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99232.
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