Type
Bankruptcy
Country
Lithuania
Region
Lietuva; Kauno apskritis;
Location of affected unit(s)
Kedainiai
Sector
Agriculture
Agriculture, Forestry And Fishing
Crop And Animal Production, Hunting And Related Service Activities
01 - Crop and animal production, hunting and related service activities

200 jobs
Number of planned job losses
Job loss
Announcement Date
28 April 2010
Employment effect (start)
Foreseen end date

Description

Kedainiu siltnamiai, the company engaged in growing of vegetables in Kedainiai, announced its bankruptcy on 22 February, 2010. The company employed approximately 200 employees. The management of the company refused to comment on the causes of the bankruptcy. According to the press, debt owed to only Lithuanian State Tax Inspectorate amounts to 100,000 LTL.


Sources

  • 28 April 2010: Lietuvos Rytas

Citation

Eurofound (2010), Kedainiu siltnamiai, Bankruptcy in Lithuania, factsheet number 70493, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70493.