Financially battered Lithuanian Railways forced to let go of 2,000 employees

Logos of LTG subsidiaries, source: Lithuanian Railways

Lithuanian Railways (LTG Group) are forced to release around 2,000 employees in an attempt to cope with the increasing financial losses following sanctions against Russia and tension between Lithuania and China. The company has consulted with employee representatives and will allocate 6 million euros for their compensation. 

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Author: Nikos Papatolios

Nikos Papatolios is an editor of RailFreight.com, the online magazine for rail freight professionals.

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Financially battered Lithuanian Railways forced to let go of 2,000 employees | RailTech.com