NLI Alfred Andersen

Type
Bankruptcy
Country
Norway
Region
Norge; Agder og Sør-Østlandet; Vestfold
Location of affected unit(s)
Larvik
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.9 - Manufacture of other special-purpose machinery
28.9 - Manufacture of other special-purpose machinery
104 jobs
Number of planned job losses
Job loss
Announcement Date
8 March 2012
Employment effect (start)
9 March 2012
Foreseen end date
11 March 2012

Description

The mechanical company NLI Alfred Andersen in Larvik, Norway, filed for bankruptcy, which results in 104 jobs being lost.

The reason for bankruptcy is declared to be a court decision ordering NLI to pay a substantial amount of money to  Babcock Industry and Power GmbH following a disagreements concerning an assignment for Statoil at Mongstad.

Sources

  • 9 March 2012: Teknisk Ukeblad
  • 8 March 2012: Østlandsposten

Citation

Eurofound (2012), NLI Alfred Andersen, Bankruptcy in Norway, factsheet number 73680, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73680.