EMCC European Monitoring Centre on Change

Amber Gold

Company/Organisation:
Amber Gold

Geographic Location

Country: Poland
Location of affected unit(s): All Poland

Company

Sector: Financial services
Financial and insurance activities
64.9 - Other financial service activities, except insurance and pension funding
Number Employed: 263
Group: Amber Gold

Employment Effects

Announcement Date: 03-09-2012
Planned Job Reductions min: 263
Type of Restructuring: Bankruptcy
Employment Effect Start: 20-09-2012

Additional Information

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.