The bankruptcy of Bama Poland, which manufactures footwear care accessories, was reflected in the Polish business world. This is another alarming signal that indicates the deteriorating economical condition. The company from Gorzów Wielkopolski employed about 150 employees and collaborated with many partners, including a chain of CCC footwear stores.
History of Bama Poland bankruptcy
Bama Poland's bankruptcy process began in the summertime of 2024, erstwhile the company's president informed employees of the deficiency of funds to pay salaries for June. In July, a request for bankruptcy was received at the territory Court, and on December 12, 2024, the court approved the conditions for the sale of assets of an undertaking of considerable value.
"The outstanding payments of production workers will not be received until the company's insolvency proceedings have been completed", the authoritative communication stated.
Company improvement and importance
Bama Poland started its business in 2020 erstwhile a modern production hall was opened at 51 Szczecińska Street in Gorzów Wielkopolski. The company was part of the global Bama Group, whose roots date back over a century. The plant in Gorzów primarily produced footwear inserts and means for its care, serving orders exclusively for Bama Group. Products from Poland went to 50 markets in the world.
Failure in the context of the national economy
According to the analysis of the Central economical Information Centre, 331 bankruptcies were recorded in the first 3 quarters of 2024. The most cases afraid industries related to industrial processing and trade. Experts indicate that the economical situation in Poland is hard and the number of bankruptcies may proceed to emergence in 2025.
Bama Poland's collapse fits into this worrying trend, but raises peculiar concerns about the scale of the company's activity and its importance for the local labour marketplace in Gorzów Wielkopolski. As many experts point out, this situation can negatively affect the wellness of the local economy, especially in the face of a hard labour marketplace in the region.
What's next?
Although the bankruptcy of large companies is always a painful event, it is crucial how the liquidation process is managed and what happens to the assets of the company. In the case of Bama Poland, the court approved the sale of assets of considerable value, which may aid to repay liabilities to creditors. It will besides be crucial to find a fresh investor or buyer to exploit the production possible and infrastructure of the company.
Summary
The collapse of Bama Poland is another informing signal about the condition of the Polish economy. With the expanding number of company failures, decisive action is needed by the government and financial institutions to support businesses and to minimise negative effects on the labour market. It is besides worth following the destiny of erstwhile employees of Bama Poland and the process of selling the assets of the company, which may be crucial for the future of the local economical community in Gorzów Wielkopolski.
More here:
Another Polish shoe care company falls
