Karmsund Maritime

Type
Bankruptcy
Country
Norway
Region
Norge; Vestlandet; Rogaland
Location of affected unit(s)
Karmsund Maritime
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30 - Manufacture of other transport equipment
30 - Manufacture of other transport equipment
150 jobs
Number of planned job losses
Job loss
Announcement Date
10 March 2009
Employment effect (start)
10 March 2009
Foreseen end date

Description

Karmsund Maritime, a shipbuilding company, has filed for bankruptcy dismissing all its 150 employees in Karmøy. The company that has been building boats for about 80 years did not manage to maintain their business.after the shipping company Lewek Shipping had cancelled a 1,2 billion contract.

Sources

Citation

Eurofound (2009), Karmsund Maritime, Bankruptcy in Norway, factsheet number 69890, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69890.