Type
Internal restructuring
Country
Lithuania
Region
Lietuva;
Location of affected unit(s)
Kaunas, Panevezys, Vilnius, Klaipeda
Sector
Transportation / Storage
Warehousing And Support Activities For Transportation, Postal And Courier Activities
Postal And Courier Activities
53 - Postal and courier activities

507 jobs
Number of planned job losses
Job loss
Announcement Date
22 March 2010
Employment effect (start)
18 May 2010
Foreseen end date
18 July 2010

Description

Lietuvos pastas, the only provider of universal postal services in Lithuania, intends to dismiss 507 employees in Vilnius, Kaunas, Klaipeda and Panevezys branches by 18 July, 2010. The restructuring is motivated by the need to increase efficiency. The company currently employs about 7600 employees.


Sources

Citation

Eurofound (2010), Lietuvos pastas, Internal restructuring in Lithuania, factsheet number 70359, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70359.