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.
On 11 May 2012, a court decision was handed down announcing the bankruptcy of Kieleckie Kopalnie Surowców Mineralnych (KKSM) in Kielce. All 400 workers will be dismissed.
The main reasons for filing the application was the company's insolvency arising from its involvement in road construction projects, in particular the construction of a section of the A2 motorway. The project was blamed for the financial difficulties of KKSM.
Founded in 1874 KKSM was purchased by Dolnośląskie Surowce Skalne (DSS) in 2011. Today DSS is also at risk of bankruptcy.
Eurofound (2012), Kieleckie Kopalnie Surówców Mineralnych (KKSM), Bankruptcy in Poland, factsheet number 73626, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73626.
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