EMCC European Monitoring Centre on Change

Air Baltic Corporation

Company/Organisation:
Air Baltic Corporation

Geographic Location

Country: Lithuania
Region: Vilniaus apskritis; Lietuva
Location of affected unit(s): Vilnius

Company

Sector: Transportation / storage
Transportation and storage
51 - Air transport
Number Employed: 182

Employment Effects

Announcement Date: 22-01-2009
Planned Job Reductions min: 112
Planned Job Reductions max: 112
Type of Restructuring: Internal restructuring
Direct Dismissals: 112

Additional Information

Latvian airline company Air Baltic Corporation intends to dismiss 112 employees in Vilnius. At present the company employs 182 people. Currently, Air Baltic Corporation operates direct flights from two Baltic State capitals: Riga and Vilnius. The main shareholders of the company are the Latvian state and Scandinavian Airlines. The reasons for the dismissals are the unfavourable economic situation and an internal restructuring of the company.