Type
Bankruptcy
Country
Lithuania
Region
Lietuva; Kauno apskritis;
Location of affected unit(s)
Kaunas
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13.91 - Manufacture of knitted and crocheted fabrics

183 jobs
Number of planned job losses
Job loss
Announcement Date
29 July 2005
Employment effect (start)
8 August 2005
Foreseen end date
15 August 2005

Description

The Lithuanian sewing company Trys sezonai announced its bankruptcy on 29 July 2005. All the employees of the company will be dismissed by 15 August 2005. A new company Kauno tekstilÄ— was established instead of failed company and it has employed 65 workers, dismissed from the company Trys sezonai.


Sources

  • 29 July 2005: Lithuanian Labour Exchange (www.ldb.lt)

Citation

Eurofound (2005), Trys sezonai, Bankruptcy in Lithuania, factsheet number 62166, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62166.