EMCC European Monitoring Centre on Change

Olego transportas

Company/Organisation:
Olego transportas

Geographic Location

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

Company

Sector: Transportation / storage
Transportation and storage
49.31 - Urban and suburban passenger land transport
Number Employed: 267

Employment Effects

Announcement Date: 03-04-2020
Planned Job Reductions min: 40
Type of Restructuring: Internal restructuring
Employment Effect Start: 15-03-2020
Foreseen End Date: 03-04-2020
Direct Dismissals: 40

Additional Information

Olego transportas, the transportation company operating under the brand Ollex, dismissed around 40 employees in Vilnius in the period from 15 March 2020 to 3 April 2020. The number of employees in the company decreased from 267 to 227. The company offers a wide range of transportation services, including passenger car rental, bus rental, the transportation of passengers on special routes from cities to airports, small freight transportation, etc.

The main cause of the dismissals is the quarantine regime in Lithuania. To control the spread of coronavirus (COVID-19), the Lithuanian Government declared quarantine on the entire territory of the Republic of Lithuania as of 16 March 2020. Due to the quarantine regime, many transportation companies temporarily suspended their operations in Lithuania.

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