EMCC European Monitoring Centre on Change

Fabryka Łożysk Tocznych

Company/Organisation:
Fabryka Łożysk Tocznych

Geographic Location

Country: Poland
Region: Lubelski; Lubelskie; Wschodni
Location of affected unit(s): Kraśnik

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28.15 - Manufacture of bearings, gears, gearing and driving elements
Number Employed: 2000

Employment Effects

Announcement Date: 08-11-2012
Planned Job Reductions min: 176
Type of Restructuring: Internal restructuring
Employment Effect Start: 15-11-2012
Direct Dismissals: 176

Additional Information

On 8 November 2012, producer of bearings Fabryka Łożysk Tocznych in Kraśnik announced plans to cut 176 jobs. The dismissals will have immediate effect, and the implementation will start mid-November

The restructuring is attributed to the general economic slowdown in Poland and a drop in orders.

Fabryka Łożysk Tocznych was founded in 1948 as a state-owned enterprise. In 1995 the company was privatized. The factory currently employs more than 2,000 workers.