EMCC European Monitoring Centre on Change

Zakład Maszyn Budowlanych

Company/Organisation:
Zakład Maszyn Budowlanych

Geographic Location

Country: Poland
Location of affected unit(s): Lubaczów

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment

Employment Effects

Announcement Date: 26-09-2004
Planned Job Reductions min: 217
Planned Job Reductions max: 217
Type of Restructuring: Bankruptcy/Closure

Additional Information

Zakład Maszyn Budowlanych of Lubaczów, a manufacturer of tools for assembly of construction equipment, has filed for bankruptcy, with a liquidation option; 217 jobs are at stake. Reasons for Lubaczów's present difficulties include bad management and EU rules governing state aids.