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.
On 25 March 2010 agricultural company 'Agrowill group' announced internal restructure plan involving 320 redundancies. The total workforce of 800 people will be shredded by 40% and the managerial wages will be reduced by 15%. The mass redundancy measurements were introduced because of 7.4 million Litas (2.15 million Euro) financial loss the company had in 2008.
Eurofound (2009), Agrowill group, Internal restructuring in Lithuania, factsheet number 71223, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71223.