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.
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Kauno apskritis
Location of affected unit(s)
Kaunas
Sector
Manufacturing (13 - 15) Manufacture of textiles, apparel and leather 13.9 - Manufacture of other textiles 13.91 - Manufacture of knitted and crocheted fabrics
183 jobs Number of planned job losses
Announcement Date
29 July 2005
Employment effect (start)
8 August 2005
Foreseen end date
15 August 2005
Description
The Lithuanian sewing company Trys sezonai announced its bankruptcy on 29 July 2005. All the employees of the company will be dismissed by 15 August 2005. A new company Kauno tekstilė was established instead of failed company and it has employed 65 workers, dismissed from the company Trys sezonai.
Sources
29 July 2005: Lithuanian Labour Exchange (www.ldb.lt)
Citation
Eurofound (2005), Trys sezonai, Bankruptcy in Lithuania, factsheet number 62166, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62166.
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