Mastec LPI

Type
Bankruptcy
Country
Sweden
Region
Södra Sverige; Västsverige; Västra Götalands län
Location of affected unit(s)
Lidköping
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22 - Manufacture of rubber and plastic products
22 - Manufacture of rubber and plastic products
127 jobs
Number of planned job losses
Job loss
Announcement Date
17 August 2009
Employment effect (start)
Foreseen end date

Description

127 workers are expected to be dismissed in Lidköping as the result of the bankruptcy of Mastec LPI, a plastics manufacturer. The reason is decreasing orders. There has been an interest from more than one company to buy Mastec in Lidköping. The most of the employees are still working as they wait for further information. The company is a subsidiary to the automotive industry. The company is working on solutions to restart the business, but at the present it is not yet clear that any of the jobs can be rescued in Lidköping.

Sources

  • 17 August 2009: Dagens Industri

Citation

Eurofound (2009), Mastec LPI, Bankruptcy in Sweden, factsheet number 69553, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69553.