Type
Internal restructuring
Country
Lithuania
Region
Lietuva; Vilniaus apskritis;
Location of affected unit(s)
Vilnius
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

125 jobs
Number of planned job losses
Job loss
Announcement Date
5 October 2010
Employment effect (start)
5 October 2010
Foreseen end date
31 December 2010

Description

Vilnius International Airport intends to dismiss 125 employees in Vilnius by the end of 2010. The main cause of the dismissals is internal restructuring of the company intended to save up to 15 million LTL (4.35 million EUR). Currently the airport employs 425 employees. Since the beginning of the restructuring in 2009 the company has already dismissed approximately 250 employees.


Sources

  • 5 October 2010: Lietuvos Rytas

Citation

Eurofound (2010), Vilnius International Airport, Internal restructuring in Lithuania, factsheet number 71037, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71037.