EMCC European Monitoring Centre on Change

Ippokambos

Company/Organisation:
Ippokambos

Geographic Location

Country: Greece
Region: Attiki

Company

Sector: Manufacturing
Manufacture of transport equipment
30 - Manufacture of other transport equipment
Number Employed: 296

Employment Effects

Announcement Date: 15-07-2003
Planned Job Reductions min: 296
Planned Job Reductions max: 296
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-07-2003
Foreseen End Date: 01-07-2003
Direct Dismissals: 296

Additional Information

In July 2003, the Ministry of Labour and Social Affairs announced the final closure of the company 'Ippokambos', specialised on woodwork repairing of ships and boats. The closure of the company is the result of severe economic problems, but also cash flow problems and a reduced demand in the shipbuilding industry.