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.
MMI (Mazurskie Meble International), the furniture producer owned by the Schieder group of Germany, has decided to shut down its Olsztyn plant, one of 13 factories operated by the company in Poland. Most of the Olsztyn facility's output was exported. Its closure will leave 137 persons without work. The chairman of MMI quoted the strong Polish currency as the main reason behind the move: appreciation of the złoty has rendered exports from the Olsztyn plant unprofitable.
Eurofound (2006), MMI, Internal restructuring in Poland, factsheet number 63237, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63237.