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

112 jobs
Number of planned job losses
Job loss
Announcement Date
22 January 2009
Employment effect (start)
Foreseen end date

Description

Latvian airline company Air Baltic Corporation intends to dismiss 112 employees in Vilnius. At present the company employs 182 people. Currently, Air Baltic Corporation operates direct flights from two Baltic State capitals: Riga and Vilnius. The main shareholders of the company are the Latvian state and Scandinavian Airlines. The reasons for the dismissals are the unfavourable economic situation and an internal restructuring of the company.


Sources

  • 22 January 2009: Verslo zinios

Citation

Eurofound (2009), Air Baltic Corporation, Internal restructuring in Lithuania, factsheet number 67982, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67982.