Amber Gold

Type
Bankruptcy
Country
Poland
Region
Location of affected unit(s)
All Poland
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.9 - Other financial service activities, except insurance and pension funding
263 jobs
Number of planned job losses
Job loss
Announcement Date
3 September 2012
Employment effect (start)
20 September 2012
Foreseen end date

Description

On 20 September 2012, a court decision was handed down announcing the bankruptcy of the Polish para-bank Amber Gold (earlier, on 13 August 2012, the company  was liquidated and all branches were closed). All of its 263 workers will be dismissed.

Amber Gold was founded in 2009. The company is suspected of defrauding customers' money, and the owner of the company is under arrest.

 

 

Sources

  • 3 September 2012: Rzeczpospolita ()

Citation

Eurofound (2012), Amber Gold, Bankruptcy in Poland, factsheet number 74185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74185.