The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.61 - Manufacture of concrete products for construction purposes
140 jobs Number of planned job losses
Announcement Date
15 January 2020
Employment effect (start)
6 March 2020
Foreseen end date
Description
Betonika, one of the largest manufacturers of prefabricated concrete elements in Europe, is to dismiss 140 employees in Kaunas. On 15 January 2020, the company announced that it was closing its factory in Kaunas. The main causes of the closure were low demand for the company‘s production and high operating costs. It was decided to concentrate production in another factory in Trakai. However, the company did not mention the number of employees affected.
On 6 March 2020, it was reported by the Lithuanian Employment Service that Betonika will lay off 140 employees. Currently the company employs 167 employees in Kaunas. The company did not mention if the remainder 27 employees will be dismissed at a later stage or will be transferred to another factory in Trakai. The company owned two factories in Lithuania, one in Vilnius and the other in Trakai.
The Consolis group is one of the leading industrial groups providing precast concrete structures for the transportation, utilities and building sectors. It has more than 11,000 employees in 21 countries.
Eurofound (2020), Betonika, Internal restructuring in Lithuania, factsheet number 100083, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100083.
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