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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58.1 - Publishing of books, periodicals and other publishing activities
101 jobs Number of planned job losses
Announcement Date
26 August 2009
Employment effect (start)
1 September 2009
Foreseen end date
Description
The company Musu Knyga, engaged in publishing and wholesale of books, suspended its activity at the end of August, 2009. All 101 employees of the company were dismissed. The main cause of the suspension was high debts of the company (amounted to approximately two million LTL). According to the management, increased VAT tax (from 5 to 9%) at the beginning of 2009 in Lithuania as well as decreased demand for books had a negative impact on the company's activity.
Sources
26 August 2009: Lietuvos Rytas
Citation
Eurofound (2009), Musu Knyga, Closure in Lithuania, factsheet number 69478, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69478.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
