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.
Lithuanian company Angliski mados namai engaged in manufacturing of clothes will dismiss 102 employees in different Lithuanian regions (Kaunas, Klaipeda, Naujoji Akmene, etc.). 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 22 February 2017. The company is currently undergoing bankruptcy procedures and has already handed out layoff notices to 102 employees. The Lithuanian Labour Exchange will develop a special prevention program for the dismissed employees to facilitate their integration in the labour market.
Eurofound (2017), Angliski mados namai, Bankruptcy in Lithuania, factsheet number 90637, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90637.
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