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.
Lithuanian wholesale and retail trade company Gruste dismissed around 87 employees in Mazeikiai in the period from 15 March 2020 to 3 April 2020. The number of employees in the company decreased from 607 to 520. The company's activities include wholesale and retail trade in food products and industrial goods as well as public catering services. The company operates 30 shopping stores and 3 restaurants in Lithuania.
The main cause of the dismissals is the quarantine regime in Lithuania. To control the spread of coronavirus (COVID-19), the Lithuanian Government declared quarantine on the entire territory of the Republic of Lithuania as of 16 March 2020.
Eurofound (2020), Gruste, Internal restructuring in Lithuania, factsheet number 100186, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100186.
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