Type
Bankruptcy
Country
Lithuania
Region
Lietuva;
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Wearing Apparel
14.13 - Manufacture of other outerwear

257 jobs
Number of planned job losses
Job loss
Announcement Date
1 April 2005
Employment effect (start)
15 April 2005
Foreseen end date

Description

The Lithuanian sewing company Prienius announced its bankruptcy. Information was received by the Lithuanian labour exchange on the 1 April 2005. Since the sewing equipment used by the company is rather new, it is believed that some other company will buy it and create new job places for laid off workers.


Sources

Citation

Eurofound (2005), Prienius, Bankruptcy in Lithuania, factsheet number 61399, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61399.