Type
Bankruptcy
Country
Lithuania
Region
Lietuva; Vilniaus apskritis;
Location of affected unit(s)
Vilnius
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

200 jobs
Number of planned job losses
Job loss
Announcement Date
17 April 2009
Employment effect (start)
21 May 2009
Foreseen end date

Description

The construction company, Kamintras, located in Vilnius, announced its bankruptcy on 17 April 2009. The company employed approximately 200 people; the totality of the worforce has been dismissed. The main cause for bankruptcy is the decreased demand in the sector of real estate.


Sources

  • 21 May 2009: Verslo zinios

Citation

Eurofound (2009), Kamintras, Bankruptcy in Lithuania, factsheet number 68971, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68971.