Type
Bankruptcy
Country
Estonia
Region
Eesti; Põhja-Eesti;
Location of affected unit(s)
Tallinn
Sector
Transportation / Storage
Land, Water And Air Transportation
Water Transport
50 - Water transport

113 jobs
Number of planned job losses
Job loss
Announcement Date
13 August 2007
Employment effect (start)
13 August 2007
Foreseen end date

Description

KS Stivideermise, a firm that offers stevedoring services, has announced its bankruptcy and the subsequent redundancies of the 113 employed at its site in Tallinn. The bankruptcy comes as a result of a loss of a key customer at the Port of Paljassaare. The customer’s decision to stop using KS Stivideermise’s services was based on a loss of trade with Russian firms in recent months. KS Stivideermise announced its bankruptcy in July 2007. On August 13th 2007, Harju County Court confirmed both the bankruptcy and the job losses.


Sources

  • 10 July 2007: Postimees

Citation

Eurofound (2007), KS Stivideerimise, Bankruptcy in Estonia, factsheet number 65810, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65810.