Type
Closure
Country
Greece
Region
Attiki;
Location of affected unit(s)
Pireus
Sector
Manufacturing
Manufacture Of Tobacco Products
Manufacture Of Tobacco Products
12 - Manufacture of tobacco products

145 jobs
Number of planned job losses
Job loss
Announcement Date
4 November 2006
Employment effect (start)
4 November 2006
Foreseen end date

Description

Keranis, the tobacco company, has been facing economic difficulties since 2005. In June 2006, the company's management has decided to suspend the production and dismiss its 145 employees. Some efforts have been made to prevent the company from the worst scenario by investing additional capital in it, but according to the latest information such efforts were not successful. Consequently, the factory was closed and all 145 employees lost their job.


Sources

  • 4 November 2006: Kerdos

Citation

Eurofound (2006), Keranis, Closure in Greece, factsheet number 64447, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64447.