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 producer of automotive components Zakłady Wyrobów Metalowych 'SHL' announced that it plans to cut its workforce by about 20% at the unit in Kielce within the next few weeks. It implies that 90 out of 430 will be made redundant under a collective dismissal programme. The conditions of the programme will be negotiated with the local trade unions. The restructuring is motivated by the difficulties of the global automotive market - the company has been affected by the fall in demand.
Zakłady Wyrobów Metalowych 'SHL' has been operating since 1919; the company is one of the oldest Polish factories of metal components for the automotive industry and agriculture machinery.
Eurofound (2020), Zakłady Wyrobów Metalowych 'SHL', Internal restructuring in Poland, factsheet number 100219, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100219.
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