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.
Homanit Lietuva, a Lithuanian subsidiary of German group Homann Holzwerkstoffe, operates in the wood products manufacturing sector. The company announced the temporary suspension of its timber board production line in Pagiriai, Vilnius region, leading to 200 job cuts across its workforce.
The shutdown is effective immediately and will resume once market conditions stabilize. The decision follows weaker than expected first-half results driven by a global decline in furniture demand and heightened costs for energy, wood, chemicals, and transport linked to the Middle East conflict. Homanit Lietuva aims to reduce losses of €5–6 million before resuming full operations.
All 200 contract terminations are direct dismissals at the Pagiriai plant. During the interim, approximately 20 employees will remain on site to maintain essential functions. The company currently employs about 255 people across its facilities.
Eurofound (2026), Homanit Lietuva, Internal restructuring in Lithuania, factsheet number 300896, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300896.
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