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.
The Polish furniture group Black Red White (BRW) plans to implement a collective dismissal programme within its two subsidiaries, Black Red White and Meble Black Red White. The programmes in both companies will affect 1,900 positions (1,500 in Black Red White and 400 in Meble Black Red White) in all units across the country by the end of 2020. The company undertakes this internal restructuring as a consequence of the COVID-19 pandemic and fall in orders. BRW also had to temporarily close all its stores across Poland due to pandemic regulations.
BRW was founded in 1991; currently, it is the largest furniture manufacturer in Poland having 18 production facilities and 75 stores across Poland. The group is also present on 55 markets worldwide.
Eurofound (2020), Black Red White, Internal restructuring in Poland, factsheet number 100216, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100216.
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