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Thursday, 27.11.2025, 09:28
Furniture manufacturer Venta forced to stop its activities in England and Scandinavia
Danuta Pavilenene, BC, Vilnius/Siauliai, 21.10.2008.
Print version
Print versionThe economic stagnation has also affected furniture manufacturers. According to Tomas Juska, CEO of furniture company Venta, the company cannot realize its productions and is forced to stop its activities due to the crisis in English and Scandinavian markets, the website Valstietis.lt of the weekly Valstieciu Laikrastis writes.
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The employer offered its 180 employees to leave their offices voluntarily and promised them severance pay amounting to the payment for work of one month.
Trade union Solidarumas invited the heads of Siauliai City to be mediators in the negotiations over the dismissal of employees with the administration of the company.
The trade union wants that the company would announce about its insolvency and the employees would receive higher pay, but Juska expects that the company will manage to revive after the improvement in the economic situation and does not will to report about the bankruptcy of the company.
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