Polish factory employing 700 declared bankrupt due to US owner's financial troubles

A court in Łódź has declared Ultinon Motion Poland, based in Pabianice, bankrupt and appointed a receiver. The plant employs around 700 workers and was profitable, but was dragged down by the financial difficulties of its US parent company, First Brands Group. A trustee has been appointed to manage the bankruptcy proceedings.

Does Polish law adequately protect workers when a foreign parent company goes bankrupt?

Money.pl · 6h ago · Source ↗

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Polish factory employing 700 declared bankrupt due to US owner's financial troubles

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