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.
The construction company Kasyba, located in Vilnius, announced its bankruptcy on 7 May, 2009. The company employs 500 people and all will be dismissed by the end of this month. The main cause for bankruptcy was a sharp decrease in the number of orders due to a downfall in demand for real estate in Lithuania.
Eurofound (2009), Kasyba, Bankruptcy in Lithuania, factsheet number 68970, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68970.