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

210 jobs
Number of planned job losses
Job loss
Announcement Date
19 August 2014
Employment effect (start)
19 August 2014
Foreseen end date
19 September 2014

Description

Hofa, international logistics company based in Vilnius, intends to dismiss 210 employees by 19 September 2014. According to the management, the main cause of dismissals is the Russian embargo against food imports from the EU. The main activity of Hofa is transportation of fresh fruit and vegetables from the EU to Russia. Currently the company employs 274 people. The company has already dismissed 63 employees in August.


Sources

  • 19 August 2014: ldb

Citation

Eurofound (2014), Hofa, Internal restructuring in Lithuania, factsheet number 77511, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77511.