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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.72 - Retail sale of footwear and leather goods in specialised stores
156 jobs Number of planned job losses
Announcement Date
15 March 2020
Employment effect (start)
15 March 2020
Foreseen end date
1 April 2020
Description
Individual company A. Zakaro firma, which is managing the chain of shoe shops "Batu kalnas“ in Lithuania, dismissed around 156 employees in Klaipeda in the period from 15 March 2020 to 1 April 2020. The number of employees in the company decreased from 269 to 113. The main cause of the dismissals is the quarantine regime in Lithuania. To control the spread of coronavirus (COVID-19), the Lithuanian Government declared quarantine on the entire territory of the Republic of Lithuania as of 16 March 2020. Since the shops are currently closed, the company has recently announced that it will soon open an online store.
According to the Employment Service, since the beginning of the quarantine regime, the number of employees in Lithuania has already decreased by more than 8 thousand.
Eurofound (2020), A. Zakaro firma, Internal restructuring in Lithuania, factsheet number 100148, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100148.
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