The State Social Insurance Fund Board of the Republic of Lithuania

Type
Internal restructuring
Country
Lithuania
Region
Lietuva;
Location of affected unit(s)
Sector
Public Administration And Defence
Public Administration And Defence; Compulsory Social Security
Public Administration And Defence; Compulsory Social Security
84 - Public administration and defence; compulsory social security
435 jobs
Number of planned job losses
Job loss
Announcement Date
13 July 2011
Employment effect (start)
1 January 2012
Foreseen end date

Description

The State Social Insurance Fund Board of the Republic of Lithuania intends to dismiss 435 people in different territorial offices in Lithuania as of the beginning of 2012. According to the management, the restructuring will help to save up to around 10.4 million LTL (3 million EUR) annually.

The State Social Insurance Fund Board of the Republic of Lithuania is operating under the Ministry of Social Security and Labour and is a key institution engaged in administration of the public social insurance funds in Lithuania. It currently employs around 3,700 people.

Sources

  • 13 July 2011: Verslo zinios

Citation

Eurofound (2011), The State Social Insurance Fund Board of the Republic of Lithuania, Internal restructuring in Lithuania, factsheet number 72285, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72285.