Star Glass

Type
Bankruptcy
Country
Romania
Region
Macroregiunea Patru; Sud-Vest Oltenia; Gorj
Location of affected unit(s)
Targu Jiu
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23 - Manufacture of other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
300 jobs
Number of planned job losses
Job loss
Announcement Date
2 August 2007
Employment effect (start)
1 July 2007
Foreseen end date
31 August 2007

Description

Star Glass SA, a glass manufacturer based in Targu Jiu, has been declared bankrupt and is to consequently dismiss its 200 employees by August 31st. The 200 redundancies follow the firm dismissing 100 employees in July. Managers at the firm have stated that the plant will be closed by the end of August 2007. The 100 employees who were dismissed in July are currently receiving redundancy payments.

Sources

  • 3 August 2007: Ziarul Financiar

Citation

Eurofound (2007), Star Glass, Bankruptcy in Romania, factsheet number 65667, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65667.