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.
Saurida, the Lithuanian company engaged in wholesale and retail trade in oil products, is to dismiss around 100 employees in different regions of the country by April 2016. According to the management, the main cause of the dismissals is a prohibition to sell alcohol at fuel stations that came into effect in Lithuania on January 1, 2016. Currently Saurida operates a network of 32 fuel stations and it employs around 450 employees.
Eurofound (2016), Saurida, Internal restructuring in Lithuania, factsheet number 86127, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86127.