EMCC European Monitoring Centre on Change

Kieleckie Kopalnie Surówców Mineralnych (KKSM)

Company/Organisation:
Kieleckie Kopalnie Surówców Mineralnych (KKSM)

Geographic Location

Country: Poland
Region: Swietokrzyskie; Wschodni
Location of affected unit(s): Kielce

Company

Sector: Mining / quarrying
Mining and quarrying
08.11 - Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate
Number Employed: 400
Group: Dolnośląskie Surowce Skalne (DSS)

Employment Effects

Announcement Date: 11-05-2012
Planned Job Reductions min: 400
Planned Job Reductions max: 400
Type of Restructuring: Bankruptcy
Employment Effect Start: 11-05-2012

Additional Information

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.