EMCC European Monitoring Centre on Change

Arvi kalakutai

Company/Organisation:
Arvi kalakutai

Geographic Location

Country: Lithuania
Region: Marijampoles apskritis; Lietuva
Location of affected unit(s): Marijampole

Company

Sector: Manufacturing
Manufacture of food products, beverages and tobacco products
10.12 - Processing and preserving of poultry meat
Number Employed: 151
Group: Arvi

Employment Effects

Announcement Date: 08-02-2021
Planned Job Reductions min: 151
Planned Job Reductions max: 151
Type of Restructuring: Bankruptcy
Employment Effect Start: 08-02-2021
Direct Dismissals: 151

Additional Information

Lithuanian-capital turkey processing company Arvi kalakutai is to dismiss 151 employees in Marijampole in 2021. Such information was provided by the Lithuanian Employment Service.

The main cause of the dismissals is the bankruptcy of the company that was announced by the Authority of Audit, Accounting, Property Valuation and Insolvency Management under the Ministry of Finance of the Republic of Lithuania on 28 January 2021. The company is currently undergoing bankruptcy procedures and has already handed out layoff notices to all 151 employees. Since November 2020, the company has been undergoing restructuring procedure, however, it was not successful.

Arvi Kalakutai was established in Marijampole in 2002. It was the only company in the Baltic States specialising in the processing and production of turkey. The company belongs to the Arvi group of enterprises uniting agricultural and food sector companies. The bankruptcy may also determine the closure of the company Rietavo veterinarine sanitarija, from the same group.

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