Snaige

Type
Internal restructuring
Country
Lithuania
Region
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Alytaus apskritis
Location of affected unit(s)
Alytus
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
European Globalisation Fund (EGF)
Year: 2009, Case number: 10
360 jobs
Number of planned job losses
Job loss
Announcement Date
22 January 2009
Employment effect (start)
22 January 2009
Foreseen end date
31 March 2009

Description

Snaige, the manufacturer of refrigerators, intends to dismiss 300 employees in Alytus by the end of March 2009. The company has already dismissed 300 people at the end of 2008. At present 1,100 people are employed in the company. The main cause for dismissals is a slowing down of the sales in Russia and Ukraine, whereto the company exports up to 50% of its products. According to the latest news, 60 more people were dismissed from the company on 11 February, 2009. Approximately one third of the administration staff (which involved 200 people) lost their jobs in Snaige.

The Lithuanian authorities applied for aid from the European Globalisation Adjustment Fund (EGF) and it is currently being implemented.

Sources

  • 11 February 2009: Lietuvos Rytas
  • 22 January 2009: Lietuvos Rytas

Citation

Eurofound (2009), Snaige, Internal restructuring in Lithuania, factsheet number 67943, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67943.