Type
Bankruptcy
Country
Lithuania
Region
Lietuva; Panevezio apskritis;
Location of affected unit(s)
Panevėžys
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Beverages
11.01 - Distilling, rectifying and blending of spirits

119 jobs
Number of planned job losses
Job loss
Announcement Date
12 December 2005
Employment effect (start)
12 December 2005
Foreseen end date

Description

Sema, a beverages manufacturer, announced its bankruptcy in the beginning of December 2005. According to the company administrator, the debt of the company amounted to 12 million LTL. 119 workers will be dismissed following the bankruptcy.


Sources

  • 12 December 2005: Verslo zinios

Citation

Eurofound (2005), Sema, Bankruptcy in Lithuania, factsheet number 62662, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62662.