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 14 August 2013, tool producer Fabryka Przyrządów i Uchwytów Bison-Bial announced its plans to create about 120 jobs in the factory of subsidiary company Hartownia Białystok. The new factory is expected to be operational in the first quarter of 2014. The production facility is located in the Białystok Special Economic Zone. The investment is worth 57 mln PLN, but the company will receive 38.8 mln PLN public support from the Operational Programme ‘Innovative Economy’.
Fabryka Przyrządów i Uchwytów Bison-Bial was founded 1948 as a state-owned company (privatized in 1998). The company produces workholding equipment such as chucks, vises, milling fixtures.
For other recent group restructuring measures see Bison Chucks 2013, Odlewnia Białystok 2013.
Eurofound (2013), Hartownia Białystok, Business expansion in Poland, factsheet number 75779, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75779.