EMCC European Monitoring Centre on Change

Schieder

Company/Organisation:
Schieder

Geographic Location

Country: Poland

Company

Sector: Manufacturing
Other manufacturing, and repair and installation of machinery and equipment
31 - Manufacture of furniture
Number Employed: 8000

Employment Effects

Announcement Date: 22-06-2007
Planned Job Reductions min: 8000
Planned Job Reductions max: 8000
Type of Restructuring: Bankruptcy/Closure

Additional Information

Schieder, one of Europe’s largest furniture producers (employing 11,600 people at 40 plants across Europe), has gone bankrupt. Some 8,000 jobs are at stake in Poland. The primary cause of the company’s financial difficulties lay in the unexpected spike in timber prices as well as in the fact that labour costs in Poland turned out to be higher than anticipated. Schieder’s Polish operations comprise Bydgoskie Fabryki Mebli, ETAP, Mazurskie Meble Trading, Mazur Comfort, Mazur Look, FS Favorit Furniture, Mazur Direct, HF Helevita, Flair Polsnad, Top Sofa, Tapicernia Gniewkowo, IMS, and Nowa E.