Restructuring events
European Restructuring Monitor (ERM)
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.
Lietuvos Pastas, the national provider of universal postal services in Lithuania, intends to create 100 jobs in different Lithuanian regions.
The company is planning to buy the retail banking kiosks of the collapsed bank Snoras (see Snoras' case here). According to the management, Lietuvos Pastas intends to use Snoras’ retail chain which includes 220 mini-banks for the provision of financial services. The first mini-banks of Lietuvos Pastas should be opened at the end of 2012.
Currently the company employs around 6,361 employees.
Eurofound (2012), Lietuvos pastas, Business expansion in Lithuania, factsheet number 74273, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74273.