Šiaulių stumbras

Type
Bankruptcy
Country
Lithuania
Region
Lietuva; Vidurio ir vakarų Lietuvos regionas ;
Location of affected unit(s)
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
15.1 - Tanning, dyeing, dressing of leather and fur; manufacture of luggage, handbags, saddlery and harness
15.11 - Tanning, dressing, dyeing of leather and fur
200 jobs
Number of planned job losses
Job loss
Announcement Date
6 June 2005
Employment effect (start)
6 June 2005
Foreseen end date

Description

Šiaulių stumbras, the largest and the oldest leather tanning and dressing company in Lithuania, announced its bankruptcy on 6 June 2005. The company experienced 10 million LTL losses from its main activity in 2004. Two hundred employees will be dismissed because of the company bankruptcy.

Sources

  • 7 June 2005: Lietuvos Rytas

Citation

Eurofound (2005), Šiaulių stumbras, Bankruptcy in Lithuania, factsheet number 61728, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61728.