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.
‘Saldi kava’, a bankrupt company belonging to the Amber Food restaurant group and combining the Sugamour and Mollusca brands, lays off all 105 employees. In mid-January this year, Saldi Kava contacted the company's creditors and informed them that the company was initiating out-of-court insolvency proceedings.
The decision was taken following an assessment of the company's financial situation and prospects. The company's financial situation was affected by several unfavourable circumstances: first, the pandemic, then the abolition of the VAT exemption in 2024 and the simultaneous increase in the minimum wage. This led to a steady deterioration of the company's financial situation in 2024. All 105 workers in the company received a dismissal notice. By occupational qualification, they are waiters (25), cooks (24), pastry cooks (12), administrators (10), support staff (10), baristas (9), and other workers.
According to the company's representatives, about one-third of the dismissed 'Saldi kava' employees have expressed their desire to work in other restaurants of the group, so they will likely be offered a job in other companies of the Amber Food restaurant group.
Eurofound (2025), Saldi kava, Bankruptcy in Lithuania, factsheet number 202380, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202380.
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