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 Water Supply; Sewerage, Waste Management And Remediation Activities Water Collection, Treatment And Supply 36 - Water collection, treatment and supply
92 jobs Number of planned job losses
Announcement Date
7 May 2018
Employment effect (start)
7 May 2018
Foreseen end date
30 June 2018
Description
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.
Sources
7 May 2018: Delfi Verslas
Citation
Eurofound (2018), Vilniaus silumos tinklai, Internal restructuring in Lithuania, factsheet number 94090, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94090.
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