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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
1,000 jobs Number of planned job losses
Announcement Date
8 July 2005
Employment effect (start)
1 April 2005
Foreseen end date
1 July 2005
Description
Ekranas, one of the biggest manufacturers of television tubes in the Baltic States, employing 4,679 people, had to dismiss 1,000 workers because of decreased sales of its production. The company experienced 35 million LTL losses in the first half of 2005. The main reason for decreased sales of the company was cheaper production from Asian countries.
Sources
8 July 2005: Verslo zinios
Citation
Eurofound (2005), Ekranas, Internal restructuring in Lithuania, factsheet number 61926, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61926.
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