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.
One of the biggest banks in Lithuania Swedbank intends to dismiss 300 employees by the end of 2009. At the moment Swedbank employs 2990 people. According to the management, the main cause of the dismissals is decreased volume of the services provided in the country. Swedbank has already closed 5 branch offices in Lithuania since the beginning of the year 2009.
Eurofound (2009), Swedbank, Internal restructuring in Lithuania, factsheet number 69374, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69374.