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.
Transportation / Storage Land, Water And Air Transportation Water Transport 50.20 - Sea and coastal freight water transport
182 jobs Number of planned job losses
Announcement Date
6 January 2016
Employment effect (start)
6 January 2016
Foreseen end date
22 January 2016
Description
Lithuania's state-controlled shipping company Lietuvos Juru Laivininkyste will dismiss 182 employees in Klaipeda by 22 January 2016. The main cause of the dismissals is the bankruptcy of the company that was announced by the Department of Enterprise Bankruptcy Management under the Ministry of Economy of the Republic of Lithuania on 29 December 2015. The company is currently undergoing bankruptcy procedures and has already handed out layoff notices to all 182 employees. According to the management, a part of the laid off employees will be offered to return to work to ensure that the ships are secure and properly maintained. The decision on how many people will be rehired will be taken by the bankruptcy administrator.
Sources
6 January 2016: KaunoDiena.lt
Citation
Eurofound (2016), Lietuvos Juru Laivininkyste, Bankruptcy in Lithuania, factsheet number 86130, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86130.
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