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 Electrical Equipment 27 - Manufacture of electrical equipment
European Globalisation Fund (EGF)
Year: 2009, Case number: 10
360 jobs Number of planned job losses
Announcement Date
22 January 2009
Employment effect (start)
22 January 2009
Foreseen end date
31 March 2009
Description
Snaige, the manufacturer of refrigerators, intends to dismiss 300 employees in Alytus by the end of March 2009. The company has already dismissed 300 people at the end of 2008. At present 1,100 people are employed in the company. The main cause for dismissals is a slowing down of the sales in Russia and Ukraine, whereto the company exports up to 50% of its products.
According to the latest news, 60 more people were dismissed from the company on 11 February, 2009. Approximately one third of the administration staff (which involved 200 people) lost their jobs in Snaige.
Eurofound (2009), Snaige, Internal restructuring in Lithuania, factsheet number 67943, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67943.
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