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.
Kabel-Technik-Polska, a subsidiary of electric solutions provider PKC Group, has announced that it will close down a production facility in Białogard and cut 210 jobs. The source reports that 185 positions will be cut through a collective dismissal programme, and the redundant workers will receive a severance pay; other 25 employees will also lost their jobs as their contracts will expire in June 2018. The programme will be implemented between 19 June and 31 July 2018. The company revealed that the loss of the large contract is behind their decision. Kabel-Technik-Polska specializes in the production of wiring systems; the company has two production facilities located in Czaplinek and Białogard.
Eurofound (2018), Kabel-Technik-Polska, Closure in Poland, factsheet number 94381, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/94381.