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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
159 jobs Number of planned job losses
Announcement Date
16 September 2009
Employment effect (start)
16 September 2009
Foreseen end date
30 September 2009
Description
All 159 employees at Innovation Computer Group, which engages in the retail sale of computers and computer equipment, will be dismissed due the company's closure of all 18 stores by the end of September 2009. The company suspended it's activity on 16 September in Vilnius, mainly due to sharply decreased demand. Since the beginning of 2009, the company's sales have dropped by 40 percent.
Sources
16 September 2009: Verslo zinios
Citation
Eurofound (2009), Innovation Computer Group, Closure in Lithuania, factsheet number 69539, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69539.
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