Lahden Autokori

Type
Bankruptcy
Country
Finland
Region
Manner-Suomi; Etelä-Suomi; Päijät-Häme
Location of affected unit(s)
Lahti
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.2 - Manufacture of bodies and coachwork for motor vehicles; manufacture of trailers and semi-trailers
29.2 - Manufacture of bodies and coachwork for motor vehicles; manufacture of trailers and semi-trailers
200 jobs
Number of planned job losses
Job loss
Announcement Date
11 September 2013
Employment effect (start)
1 October 2013
Foreseen end date
31 July 2014

Description

Lahden Autokori, a manufacturer of coachwork, has filed for bankruptcy and announced the dismissal of its entire staff of about 200 employees. The company has been producing coachwork for Scania, which is no longer planning to outsource the coachwork. Lahden Autokori reports debts of around EUR 10 million and sees no possibility of replacing Scania production with other contracts. The manufacturing activity for Scania will cease in 10 months.

Sources

  • 11 September 2013: YLE News
  • 11 September 2013: Etelä-Suomen Sanomat

Citation

Eurofound (2013), Lahden Autokori, Bankruptcy in Finland, factsheet number 75860, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75860.