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.
Vilnius, Kaunas, Klaipeda, Silute, Gargzdai, Plunge
Sector
Wholesale / Retail 47 - Retail trade 47.5 - Retail sale of other household equipment 47.54 - Retail sale of electrical household appliances
136 jobs Number of planned job losses
Announcement Date
11 April 2014
Employment effect (start)
15 April 2014
Foreseen end date
Description
Neonetas, the company engaged in retail sale of electrical household appliances started proceedings for bankruptcy on 15 April 2014. 50 employees were already dismissed and the bankruptcy will result in total loss of 136 jobs. Currently in Lithuania the company runs 8 stores under the brand name “Technorama”.
Sources
11 April 2014: Verslo zinios
Citation
Eurofound (2014), Neonetas, Bankruptcy in Lithuania, factsheet number 76855, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76855.
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