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.
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”.
Eurofound (2014), Neonetas, Bankruptcy in Lithuania, factsheet number 76855, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76855.