Kraitene

Type
Bankruptcy
Country
Lithuania
Region
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Marijampolės apskritis
Location of affected unit(s)
Marijampole
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.5 - Manufacture of dairy products and edible ice
10.52 - Manufacture of ice cream and other edible ice
387 jobs
Number of planned job losses
Job loss
Announcement Date
2 March 2006
Employment effect (start)
22 March 2006
Foreseen end date

Description

According to the Lithuanian Labour Exchange (the country's employment office associated to the Ministry of Social Security and Labour), Kraitene, a manufacturer and distributor of ice cream and other frozen products in Lithuania, announced its bankruptcy on 2 March, 2006. The company employed 387 workers. The Local Labour Exchange provides assistance in finding new work places for dismissed workers and almost all of those loosing their jobs at Kraitene will be employed in other local companies under temporary labour contracts.

Sources

  • 2 March 2006: Lithuanian Labour Exchange (www.ldb.lt)

Citation

Eurofound (2006), Kraitene, Bankruptcy in Lithuania, factsheet number 63224, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63224.