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.
Panevėys district court is considering starting bankruptcy procedures for Ekmecha, a manufacturer of television tubes in Panevėys. About 500 people were working in the company and all of them will be dismissed due to the bankruptcy. Ekmecha was working as a subdivision of Ekranas, a big manufacturer of electronic devices, which went bankrupt on 8 April, 2006, due to decreased production sales. Though Ekmecha was supplying goods for some foreign companies in Finland, Sweden and Latvia as well, the orders of Ekranas constituted about 70% of Ekmechas sales.
Eurofound (2006), Ekmecha, Bankruptcy in Lithuania, factsheet number 63591, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63591.
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