Type
Bankruptcy
Country
Lithuania
Region
Lietuva;
Location of affected unit(s)
Vilnius, Kaunas, Klaipeda, Silute, Gargzdai, Plunge
Sector
Wholesale / Retail
Retail trade
Retail sale of other household equipment
47.54 - Retail sale of electrical household appliances

136 jobs
Number of planned job losses
Job loss
Announcement Date
11 April 2014
Employment effect (start)
15 April 2014
Foreseen end date

Description

Neonetas, the company engaged in retail sale of electrical household appliances started proceedings for bankruptcy on 15 April 2014. 50 employees were already dismissed and the bankruptcy will result in total loss of 136 jobs. Currently in Lithuania the company runs 8 stores under the brand name “Technorama”.    


Sources

  • 11 April 2014: Verslo zinios

Citation

Eurofound (2014), Neonetas, Bankruptcy in Lithuania, factsheet number 76855, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76855.