Drobe LT

Type
Bankruptcy
Country
Lithuania
Region
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Kauno apskritis
Location of affected unit(s)
Kaunas
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13 - Manufacture of textiles
13 - Manufacture of textiles
102 jobs
Number of planned job losses
Job loss
Announcement Date
26 January 2010
Employment effect (start)
8 March 2010
Foreseen end date

Description

Drobe LT, a company producing fabrics from pure wool and semi wool in Kaunas, announced its bankruptcy on 26 January, 2010. All 102 employees will be dismissed at the beginning of March 2010. The main cause of the bankruptcy was heavy debts of the company due to decreased demand for the company's production. Drobe LT was established in place of Drobe, which went bankrupt on 18 August, 2008.

Sources

  • 19 February 2010: Lietuvos Rytas

Citation

Eurofound (2010), Drobe LT, Bankruptcy in Lithuania, factsheet number 70187, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70187.