Type
Internal restructuring
Country
Lithuania
Region
Lietuva; Vilniaus apskritis;
Location of affected unit(s)
Vilnius
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

87 jobs
Number of planned job losses
Job loss
Announcement Date
20 September 2005
Employment effect (start)
30 September 2005
Foreseen end date
31 December 2005

Description

Lietuvos avialinijos (LAL), national carrier of the Republic of Lithuania, which was privatised by LAL Investiciju Valdymas consortium in the beginning of August 2005, intends to dismiss about 12% of the employees. According to the administration of the company, about 87 workers will be dismissed by the end of 2005.


Sources

Citation

Eurofound (2005), Lietuvos avialinijos, Internal restructuring in Lithuania, factsheet number 62262, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62262.