The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.52 - Manufacture of ice cream
387 jobs Number of planned job losses
Announcement Date
2 March 2006
Employment effect (start)
22 March 2006
Foreseen end date
Description
According to the Lithuanian Labour Exchange (the country's employment office associated to the Ministry of Social Security and Labour), Kraitene, a manufacturer and distributor of ice cream and other frozen products in Lithuania, announced its bankruptcy on 2 March, 2006. The company employed 387 workers. The Local Labour Exchange provides assistance in finding new work places for dismissed workers and almost all of those loosing their jobs at Kraitene will be employed in other local companies under temporary labour contracts.
Sources
2 March 2006: Lithuanian Labour Exchange (www.ldb.lt)
Citation
Eurofound (2006), Kraitene, Bankruptcy in Lithuania, factsheet number 63224, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63224.
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