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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
114 jobs Number of planned job losses
Announcement Date
29 October 2015
Employment effect (start)
29 October 2015
Foreseen end date
1 January 2016
Description
Energy service company Vilniaus Energija is to dismiss 114 employees of the Vilnius Combined Heat and Power Plant TE-3. The dismissed workers will receive notices about the termination of employment contracts on 30 October.
On 1 January 2016 the plant will cease operating because of the Lithuanian Government’s decision to suspend electricity production in combined heat and power plants. Indeed the Government has announced its withdrawal from next year's Public Service Obligations (PSO) quotas for power plants.
Currently Vilniaus Energija employs 913 employees.
Sources
29 October 2015: Verslo zinios
Citation
Eurofound (2015), Vilniaus energija, Internal restructuring in Lithuania, factsheet number 85212, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85212.
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