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.
Vilniaus silumos tinklai, a company supplying heat and hot water to Vilnius residents is to dismiss 92 employees in Vilnius by the end of June 2018. Currently the company is undergoing internal restructuring procedures that are intended to save more than €2 million. The company has already handed out layoff notices to 92 employees. Currently Vilniaus silumos tinklai employs 638 employees. The company was founded in 1997 after the reorganisation of the Lithuanian Energy. The majority of shares (99.4%) belong to the Vilnius city municipality.
Eurofound (2018), Vilniaus silumos tinklai, Internal restructuring in Lithuania, factsheet number 94090, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94090.