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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42 - Civil engineering
120 jobs Number of planned job losses
Announcement Date
12 January 2009
Employment effect (start)
14 January 2009
Foreseen end date
12 March 2009
Description
Mazeikiu automobiliu keliai, specialised in the construction of motorways and roads, intends to dismiss 120 employees in Mazeikiai by the middle of March, 2009. At present the company belongs to Siauliu plentas group and employs 220 employees. The decision to dismiss more than one half of the employees was made because of the shortage of current assets in the company. The Government of Lithuania owes more than 12 million LTL for Mazeikiu automobiliu keliai. Also the company hasn't signed any contract for the year of 2009 yet.
Sources
14 January 2009: Lietuvos Rytas
Citation
Eurofound (2009), Mazeikiu automobiliu keliai, Internal restructuring in Lithuania, factsheet number 67963, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67963.
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