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

170 jobs
Number of planned job losses
Job loss
Announcement Date
25 February 2011
Employment effect (start)
31 March 2011
Foreseen end date

Description

Alfva, a construction company operating in Plunge, announced its bankruptcy on 25 February, 2011. The company employed 170 people. All of the employees will be dismissed starting from 31 March, 2011. No information on the causes of the bankruptcy was provided.


Sources

Citation

Eurofound (2011), Alfva, Bankruptcy in Lithuania, factsheet number 71832, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71832.