EMCC European Monitoring Centre on Change

Technoexport Storage LT

Company/Organisation:
Technoexport Storage LT

Geographic Location

Country: Lithuania
Region: Telsiu apskritis; Lietuva
Location of affected unit(s): Plunge

Company

Sector: Construction
Construction
43.99 - Other specialised construction activities n.e.c.
Number Employed: 128

Employment Effects

Announcement Date: 15-01-2021
Planned Job Reductions min: 100
Type of Restructuring: Internal restructuring
Employment Effect Start: 15-01-2021
Direct Dismissals: 100

Additional Information

Czech construction company Technoexport Storage LT is to dismiss 100 employees in its Plunge unit. The company provided this information to the Public Employment Services on 14 January 2021. The company has no orders, thus it is forced to dismiss a large part of its employees. The company has announced it will dismiss welders, assemblers, sanders, painters and other workers. The report submitted by the company to the Lithuanian Registry Centre in 2019 states that the company incurred a net loss of almost €1 million that year.

Technoexport Storage Lt specialises in the production of steel storage tanks, structural steel, stacks and other constructions. The company employs 128 employees in Plunge.

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