EMCC European Monitoring Centre on Change

LTG Infra

Company/Organisation:
LTG Infra

Geographic Location

Country: Lithuania
Region: Lietuva
Location of affected unit(s): Vilnius, Kaunas, Klaipeda, Siauliai, Radviliskis

Company

Sector: Transportation / storage
Transportation and storage
52.21 - Service activities incidental to land transportation
Number Employed: 2920
Group: LTG Group

Employment Effects

Announcement Date: 28-04-2022
Planned Job Reductions min: 500
Type of Restructuring: Internal restructuring
Employment Effect Start: 28-04-2022
Direct Dismissals: 500

Additional Information

Lithuanian company LTG Infra responsible for the Lithuania's railway network infrastructure, safety, modernisation, and development is to dismiss around 500 employees in different Lithuanian regions (mainly Vilnius, Kaunas, Klaipeda, Siauliai, Radviliskis). LTG Infra is a subsidiary of the state-owned railway company Lietuvos Gelezinkeliai that is currently undergoing a restructuring process. According to the management, Lietuvos Gelezinkeliai is set to lose around €150 million in revenue in 2022 because of the decrease in cargo volumes due to the EU and US sanctions on Russia and Belarus following the war in Ukraine. The company consulted trade unions when planning redundancies. Together with the Employment Service, Lietuvos Gelezinkeliai has planned an employee assistance package for the dismissed employees. Around €6 million will be allocated for severance payments to the dismissed employees from different subsidiary companies of Lietuvos Gelezinkeliai.

LTG Infra is a subsidiary company of Lietuvos gelezinkeliai that is responsible for renovation and upgrading of the rail infrastructure in Lithuania. Currently the company employs 2,920 employees in Lithuania.  

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