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The company announced to the Employment Service that it would lay off 100 people. According to Sodra, the company currently has 129 employees.
Milda Jankauskienė, representative of the Employment Service, informed BNS that Technoexport Storage LT suspends its activities and dismisses about 100 employees: welders-assemblers, sanders, rollers, preparers, painters, craftsmen and other employees.
At the time, the company’s director, BNS, said the layoffs had not yet been definitively decided.
“Yes, I sent a notice (about the planned dismissal – BNS), but the decision will only be at the end of the month. It has not been decided yet, because it is possible that the company will be bought by another company and that the dismissals will not occur” said Eugidijus Bujauskas, CEO of Technoexport Storage LT.
According to him, if the company had yet to close, the main reason for this was the lack of orders.
“It just came to our attention then. The entire metal processing market is coming to a halt, ”said company director Plungė.
In June 2019, Baltic Tools petitioned the court to initiate bankruptcy proceedings against Technoexport Storage Lt. More companies also sued Plungė for non-refundable debts.
The 2019 report submitted to the Technoexport Storage LT Registry Center states that the company received $ 8.468 million. 1 million euros in revenue. net loss of EUR.
At the end of 2019, the company’s current liabilities exceeded current assets and the company’s operations are financed in part by shareholder loans and outstanding debts with related companies.
Plungė’s sole shareholder is Czech Technoexport Storage.
It is not allowed to publish, quote or reproduce the information of the BNS news agency in the media and on the Internet without the written consent of the UAB “BNS”.
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