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.
HCL Technologies Lithuania, a company providing a range of software and IT infrastructure services, is to dismiss 199 employees in Vilnius. According to the management, the dismissals are due to changing customer needs. The company's works council and external career consultants will provide job-search assistance to the employees notified of layoffs. Currently, HCL Technologies employs 268 employees in Vilnius.
HCL Technologies is a company with headquaters in India, and it offers a wide range of solutions in IT infrastructure management services, digital and analytics services, digital process operations and other services. The company opened its office in Lithuania at the end of 2019, taking over part of the employees of the British bank Barclays, which had withdrawn from Lithuania.
Eurofound (2022), HCL Technologies Lithuania , Internal restructuring in Lithuania, factsheet number 107761, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107761.