EMCC European Monitoring Centre on Change

Trans Południe

Company/Organisation:
Trans Południe

Geographic Location

Country: Poland
Region: Rzeszowsko-tarnobrzeski; Podkarpackie; Wschodni
Location of affected unit(s): Dębica

Company

Sector: Transportation / storage
Transportation and storage
49 - Land transport and transport via pipelines
Number Employed: 620

Employment Effects

Announcement Date: 26-04-2009
Planned Job Reductions min: 620
Planned Job Reductions max: 620
Type of Restructuring: Bankruptcy
Employment Effect Start: 01-04-2009

Additional Information

In March 2009, the competent court announced the bankruptcy of Trans Południe, a haulage company based in Dębica, declaring that the company's debts of PLN 110 million exceed its capabilities. The entire workforce of 620 received notices terminating their employment in early April 2009. Trans Południe's fleet of almost 500 vehicles has shrunk to 70.