Ingo Baltic

Type
Bankruptcy
Country
Lithuania
Region
Lietuva; Sostinės regionas;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
204 jobs
Number of planned job losses
Job loss
Announcement Date
13 September 2005
Employment effect (start)
13 September 2005
Foreseen end date
13 October 2005

Description

Transport insurance company Ingo Baltic announced its bankruptcy on 13 September 2005. According to the administration of the company, more than half of the employees left their work places in May 2005 and 204 employees will be dismissed by October 2005.

Sources

  • 13 September 2005: Lietuvos Rytas

Citation

Eurofound (2005), Ingo Baltic, Bankruptcy in Lithuania, factsheet number 62244, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62244.