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.
Garo, a manufacturer of smart chargers for electric cars, has announced it is due to have a brand new plant in Szczecin, Poland, completed by April 2023. In line with the opening of the new plant, the company will increase employment to approximately 300 people, doubling the current number of workers. The new factory will be located in the Szczecin Trzebusz Special Economic Zone.
The new factory will allow the production capacity to be increased by almost 10 times. Currently, between 2,000 and 3,000 car charging stations are assembled every week. At the new factory, the production will be increased to 20,000 chargers per week.
Garo is part of the Swedish Garo Group, which has been founded in 1939. Garo manufactures charging stations for electric cars. In Poland, it specialises in the production of wall-mounted AC charging stations (wallbox AC). It has been operating in Szczecin since 1996.
Eurofound (2023), Garo, Business expansion in Poland, factsheet number 108656, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108656.
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