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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products 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
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62710.
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