Sveikatingumo projektai

Type
Bankruptcy
Country
Lithuania
Region
Lietuva;
Location of affected unit(s)
Vilnius, Kaunas
Sector
Accommodation / Food
56 - Food and beverage service activities
56.1 - Restaurants and mobile food service activities
56.1 - Restaurants and mobile food service activities
101 jobs
Number of planned job losses
Job loss
Announcement Date
15 May 2018
Employment effect (start)
15 May 2018
Foreseen end date

Description

The Lithuanian company Sveikatingumo projektai that operates the chain of TakeWay restaurants will dismiss 101 employees in Vilnius and Kaunas. The main cause of the dismissals is the bankruptcy of the company. The company will close all 6 restaurants, 5 of which were operating in Vilnius and 1 in Kaunas.  The company has been facing financial difficulties for some time. It tried to initiate a restructuring procedure which however failed. After this attempt, the management decided to declare a bankruptcy. The company employs 101 employees.  

Sources

  • 15 May 2018: Verslo zinios
  • 15 May 2018: 15min.lt

Citation

Eurofound (2018), Sveikatingumo projektai, Bankruptcy in Lithuania, factsheet number 94039, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94039.