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.
Danisco Sugar Kedainiai, a manufacturer of sugar and the Lithuanian subsidiary of the Danisco Sugar group, has announced that it is to close its site in Panevezys with the loss of 100 jobs. The closure and the job losses will be implemented by the middle of January 2008, and the firm has stated that the reason for the closure is the need to improve the competitiveness of the firm. The firm operates one other site in Lithuania, in Kedainiai, and all of the firm’s production in Lithuania will now be concentrated at the Kedainiai plant. The firm has also stated that it will work closely with employee representatives in order to offer a range of support measures to those employees affected by the closure.
Eurofound (2007), Danisco Sugar Kedainiai, Closure in Lithuania, factsheet number 66028, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66028.