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 Warehousing And Support Activities For Transportation, Postal And Courier Activities Postal And Courier Activities 53.2 - Other postal and courier activities
418 jobs Number of planned job losses
Announcement Date
6 June 2016
Employment effect (start)
9 June 2016
Foreseen end date
9 June 2016
Description
Greitasis kurjeris, the Lithuanian company engaged in postal and courier activities, will dismiss 418 employees in Vilnius by 9 June 2016. The main cause of dismissals is the bankruptcy of the company. Greitasis kurjeris is currently undergoing bankruptcy procedures and has already handed out layoff notices to all 418 employees. According to the management, the main cause of the bankruptcy was a new pricing system of the universal postal service provider Lietuvos paštas that was adopted on 1 January 2016. Greitasis kurjeris was using the services of Lietuvos paštas to deliver correspondence to small villages in Lithuania.
Sources
6 June 2016: Lietuvos Rytas
Citation
Eurofound (2016), Greitasis kurjeris, Bankruptcy in Lithuania, factsheet number 87674, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87674.
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