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.
An international provider of ground handling and aircraft fueling services Baltic Ground Services is to dismiss 37 employees in Vilnius. Such information was provided by the Lithuanian Employment Service. 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 16th March 2020. All the flights from and to Lithuania were suspended until 13th May 2020. Currently the company employs 288 employees.
Baltic Ground Services belongs to Avia Solutions Group and it supports over 70 domestic and international air carriers in 31 airports.
Eurofound (2020), Baltic Ground Services, Internal restructuring in Lithuania, factsheet number 100591, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100591.