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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
108 jobs Number of planned job losses
Announcement Date
26 March 2009
Employment effect (start)
1 January 2009
Foreseen end date
26 March 2009
Description
Egesta, a company specializing in the production of prefabricated wooden houses, has dismissed 108 employees since the beginning of 2009. The number of employees decreased from 120 to 12 in the company. The main cause of the internal restructuring of the company was the termination of contracts with Norwegian companies. Norway is the company's exclusive export market.
Sources
26 March 2009: Verslo zinios
Citation
Eurofound (2009), Egesta, Internal restructuring in Lithuania, factsheet number 68565, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68565.
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