Type
Internal restructuring
Country
Lithuania
Region
Lietuva; Telsiu apskritis;
Location of affected unit(s)
Telsiai
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

70 jobs
Number of planned job losses
Job loss
Announcement Date
21 September 2010
Employment effect (start)
11 November 2010
Foreseen end date
31 January 2011

Description

Road and bridge construction company Zemaitijos keliai intends to dismiss 70 employees in Telsiai by the end of January, 2011. Currently the company employs 333 employees. The main cause of the dismissals is internal restructuring of the company due to decreased volume of orders.


Sources

Citation

Eurofound (2010), Zemaitijos keliai, Internal restructuring in Lithuania, factsheet number 71124, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71124.