AB "Šatrija" to Cease Operations as of July 21
Globenewswire·2025-06-20 13:10
The garment manufacturing company AB Šatrija, part of the Utenos Trikotažas group, will cease operations as of July 21. The decision was made by Šatrija’s Board on June 20. This process will have no impact on the operations or restructuring process of Utenos Trikotažas. "The decision was extremely difficult, but necessary in light of current market trends. Our top priority now is to ensure that every Šatrija employee receives all compensation to which they are entitled. This process will not affect Utenos T ...