Type
Internal restructuring
Country
Lithuania
Region
Lietuva;
Location of affected unit(s)
Sector
Administrative Services
Services To Buildings And Landscape Activities
Cleaning Activities
81.29 - Other cleaning activities

150 jobs
Number of planned job losses
Job loss
Announcement Date
8 May 2018
Employment effect (start)
1 July 2018
Foreseen end date
31 December 2018

Description

Lithuanian state-owned road maintenance company Keliu prieziura is to dismiss 150 employees in different Lithuanian regions by the end of 2018. The main cause of the dismissals is the internal restructuring of the company. The company is currently undergoing restructuring procedures intended at optimising and making more efficient use of available labour resources. The company attempts to eliminate the duplication of functions and save more than €2.5 million in 2019. Currently Keliu prieziura employs 2,584 employees.  


Sources

  • 8 May 2018: Delfi Verslas
  • 8 May 2018: Kauno Diena
  • 8 May 2018: Verslo zinios

Citation

Eurofound (2018), Keliu prieziura, Internal restructuring in Lithuania, factsheet number 94149, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94149.