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.
Polish company Tabor Szynowy Opole, which manufactures railway rolling stock, has announced it will cut 320 jobs when it closes its production unit in Opole. The company specialised in the repair of carriages and the production and repair of freight cars.
According to the source, the company was declared bankrupt by a court in February. The source also notes that workers have not received salaries since November 2013. The unit will close by the end of May 2014 and workers will receive a severance pay.
The ERM has previously reported on restructuring events at Tabor Szynowy Opole in 2012 and 2009.
Eurofound (2014), Tabor Szynowy Opole, Bankruptcy in Poland, factsheet number 77029, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77029.
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