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 charter airline Small Planet Airlines is to dismiss 44 employees in its Vilnius office by 30 November 2018. According to the management, the dismissals are caused by the restructuring of the two subsidiary companies in Germany and Poland. Small Planet Airlines Germany has launched insolvency proceedings on 18th September 2018 and Small Planet Airlines Poland has entered into restructuring on 8th October 2018. The dismissed employees were providing financial accounting, air traffic control, crew planning and other services to the subsidiaries in Germany and Poland.
Small Planet Airlines is a leisure airline company that operates in Lithuania, Poland, Germany and Cambodia. It carries passengers to over 130 different destinations.
Eurofound (2018), Small Planet Airlines, Internal restructuring in Lithuania, factsheet number 95654, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/95654.
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