Tallinna Masinatehas

Type
Merger/Acquisition
Country
Estonia
Region
Eesti; Eesti;
Location of affected unit(s)
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
295 jobs
Number of planned job creations
Job creation
Announcement Date
12 October 2005
Employment effect (start)
Foreseen end date

Description

Tallinna Masinatehas faced difficulties to fulfil an order from the concern ABB. The company is now in threat of bankruptcy. After one month of forced vacation, the workers started their activities under a new owner. The company was bought by Alexo Invest and the additional investments will guarantee new qualitative development of the firm. The new firm will concentrate more on the production of metal constructions and target mainly Russia.

Sources

  • 12 October 2005: Postimees
  • 19 October 2005: Eesti Päevaleht
  • 13 October 2005: Aripaev
  • 12 October 2005: Aripaev

Citation

Eurofound (2005), Tallinna Masinatehas, Merger/Acquisition in Estonia, factsheet number 62710, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62710.