Restructuring events
European Restructuring Monitor (ERM)
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.
Swedish-capital company Bigso, one of the largest manufacturers of custom made packaging solutions, is to dismiss 45 employees in Siauliai. The main cause of the dismissals is the quarantine regime in Lithuania and other countries. One of the major customers of Bigso is IKEA whose stores are currently closed in many countries. According to the management, in a worst-case scenario, production of the company could fall by three quarters and the company could be forced to lay off even more employees. To control the spread of coronavirus (COVID-19), many countries declared quarantine as of mid-March 2020. Currently Bigso employs 448 employees in Siauliai.
Eurofound (2020), Bigso, Internal restructuring in Lithuania, factsheet number 100122, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100122.