Finland Times

Tuesday, 26 October, 2021
Home BUSINESSTiimari faces bankruptcy
Print
« Previous News
Thu, 19 Sep, 2013 04:50:18 AM
FTimes-STT Report, September 19
 
File picture of Tiimari shop in Helsinki. Photo - Lehtikuva
The business house of traditional arts and crafts materials, Tiimari is facing bankruptcy due to continuous loss during the recent years.
 
The company filed for bankruptcy with Vantaa district court on Wednesday.
 
The authority, however, said that the operation of the company would continue and the fates of the employees are yet to be decided.
 
“The shops will remain open until further decision in this regard,” said the president of the company Niila Rajala, adding that the situation of the workers are now depending on of the situation after further decision in this regard.
 
Rajala also pointed out that the company tried to solve the crisis in various ways but failed finally to avoid the bankruptcy.
 
« Previous News
comments powered by Disqus
More News

 
   
Copyright © 2021 All rights reserved
Developed By -