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.
Retailer Sportland LT selling sporting equipment in Lithuania dismissed around 55 employees in Vilnius in the period from 15 March 2020 to 1 April 2020. The number of employees in the company decreased from 373 to 318. 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.
Sportland LT belongs to the Sportland International Group which owns 80 stores in the Baltic States.
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), Sportland LT, Internal restructuring in Lithuania, factsheet number 100149, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100149.