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.
Mano busto prieziura, a Lithuanian company engaged in building administration and public utilities, intends to dismiss 231 employees in different regions of Lithuania. The company has already informed the Employment Service of the planned layoffs. According to the management, the employees are dismissed because their work function became redundant as a result of changes in work organisation. The company decided to dismiss technical staff carrying out the repair work in apartment blocks and to introduce a new system PortalPRO based on sharing economy. According to the management, all Lithuanian craftsmen will be able to connect to the newly created virtual platform, and the company will be able to provide them with a steady flow of orders, flexible work schedules, transparency and earning opportunities. Currently Mano busto prieziura employs 381 employees.
Eurofound (2019), Mano busto prieziura, Internal restructuring in Lithuania, factsheet number 98260, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98260.