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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Water Collection, Treatment And Supply 36.0 - Water collection, treatment and supply
200 jobs Number of planned job losses
Announcement Date
18 March 2016
Employment effect (start)
18 March 2016
Foreseen end date
1 June 2016
Description
Vilniaus vandenys, the largest Lithuanian water supply company is to dismiss around 200 employees in Vilnius by 1 June, 2016. On 18 March 2016, Vilniaus vandenys announced that the company is undergoing restructuring and will reduce the number of employees from 945 to 745. The company has already handed out notices of dismissals to all 945 employees. According to the management, all employees will have to undergo the selection process and around 745 of them having the most relevant qualifications will be rehired.
Sources
18 March 2016: Verslo zinios
18 March 2016: Lietuvos Rytas
18 March 2016:
Citation
Eurofound (2016), Vilniaus vandenys, Internal restructuring in Lithuania, factsheet number 86810, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86810.
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