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 Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19.2 - Manufacture of refined petroleum products
580 jobs Number of planned job losses
Announcement Date
16 March 2009
Employment effect (start)
1 January 2009
Foreseen end date
Description
Mazeikiu nafta, the company specialized in oil refining, marine terminal operations and logistics refined products, is considering the possibility to reduce the number of employees by 20%. At present 2,900 people are employed in the company. According to management, the main cause for dismissal is the internal restructuring of the company. Mazeikiu nafta has already started to dismiss employees. Since the beginning of 2009 more than 40 people have to leave the company every month.
Sources
16 March 2009: Verslo zinios
Citation
Eurofound (2009), Mazeikiu nafta, Internal restructuring in Lithuania, factsheet number 68524, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68524.
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