United Textiles S.A.

Type
Internal restructuring
Country
Greece
Region
Voreia Elláda; Kentriki Makedonia; Imathia
Location of affected unit(s)
Naousa
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13 - Manufacture of textiles
13 - Manufacture of textiles
1,100 jobs
Number of planned job losses
Job loss
Announcement Date
9 May 2008
Employment effect (start)
9 May 2008
Foreseen end date
8 May 2009

Description

The Greek Ministry of Economy and Finance retracted yesterday Wednesday, October 22nd, after Commission's intervention, the amendment on Lanara's Group loan. As such 1100 employees are in immediate danger to loose their jobs.

Enomeni Klostoyfantourgia (Naousa United Textiles S.A), is a company that mainly engages in the production and commercial distribution of cotton and mixed yarns.

Sources

Citation

Eurofound (2008), United Textiles S.A., Internal restructuring in Greece, factsheet number 66609, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66609.