Technoexport Storage LT

Type
Internal restructuring
Country
Lithuania
Region
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Telšių apskritis
Location of affected unit(s)
Plunge
Sector
Construction
43 - Specialised construction activities
43.9 - Other specialised construction activities
43.99 - Other specialised construction activities n.e.c.
100 jobs
Number of planned job losses
Job loss
Announcement Date
15 January 2021
Employment effect (start)
15 January 2021
Foreseen end date

Description

Czech construction company Technoexport Storage LT is to dismiss 100 employees in its Plunge unit. The company provided this information to the Public Employment Services on 14 January 2021. The company has no orders, thus it is forced to dismiss a large part of its employees. The company has announced it will dismiss welders, assemblers, sanders, painters and other workers. The report submitted by the company to the Lithuanian Registry Centre in 2019 states that the company incurred a net loss of almost €1 million that year.

Technoexport Storage Lt specialises in the production of steel storage tanks, structural steel, stacks and other constructions. The company employs 128 employees in Plunge.

Sources

Citation

Eurofound (2021), Technoexport Storage LT, Internal restructuring in Lithuania, factsheet number 103022, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103022.