Fameg Furniture Factory Files for Bankruptcy After 140 Years
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6 Articles
Radomsko-based Fameg, a manufacturer of bentwood chairs, has filed for bankruptcy. This is a result of rising costs, declining production, and pressure from cheap imports from Asia. The company's origins date back to 1881, reports "Rzeczpospolita."
How could a company that had been manufacturing chairs since 1881 find itself on the brink of collapse? For years, its furniture found its way into homes and restaurants, and the Fameg brand was associated with its distinctive bentwood chairs. Today, the 500-plus-strong workforce may face a very difficult decision.
One of the most recognizable furniture factories has filed for bankruptcy. The plant, which dates back to 1881, recently employed over 500 people. What's next for production and its employees?
The Polish furniture industry is experiencing declining profitability, falling employment, and shrinking exports. Domestic producers are being outpriced by products imported from Asia.
One of Poland's oldest and world-renowned manufacturers of bentwood furniture, Fameg, has filed for bankruptcy. The factory, which operated for over 140 years, is now in serious trouble. 100% of its workforce—approximately 500 people—could lose their jobs.
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