EMCC European Monitoring Centre on Change

Bigso

Company/Organisation:
Bigso

Geographic Location

Country: Lithuania
Region: Siauliu apskritis; Lietuva
Location of affected unit(s): Siauliai

Company

Sector: Manufacturing
Manufacture of wood and paper products, and printing
17 - Manufacture of paper and paper products
Number Employed: 448

Employment Effects

Announcement Date: 27-03-2020
Planned Job Reductions min: 45
Type of Restructuring: Internal restructuring
Employment Effect Start: 27-03-2020
Direct Dismissals: 45

Additional Information

Swedish-capital company Bigso, one of the largest manufacturers of custom made packaging solutions, is to dismiss 45 employees in Siauliai. The main cause of the dismissals is the quarantine regime in Lithuania and other countries. One of the major customers of Bigso is IKEA whose stores are currently closed in many countries. According to the management, in a worst-case scenario, production of the company could fall by three quarters and the company could be forced to lay off even more employees. To control the spread of coronavirus (COVID-19), many countries declared quarantine as of mid-March 2020. Currently Bigso employs 448 employees in Siauliai.

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