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    Home EUROPE Lithuania

    A well-known bakery is laying off most of its people – shutting down?

    The Analyst by The Analyst
    June 3, 2026
    in Lithuania
    A well-known bakery is laying off most of its people – shutting down?

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    As written on the “Rieslita” website, the bakery has been operating since 1994. The products produced by the company are supplied to the markets of Lithuania and the European Union, and the products also reach the USA and the United Arab Emirates.

    However, in May of this year, the company informed UŽT about the dismissal of the group’s employees. As many as 17 full-time positions are being cut.

    As a news portal Morning says UŽT representative Milda Jankauskienė, the workshop workers will lose their jobs the most. As many as 9 employees in this area are being laid off. 3 sales agents will also have to find a new job.

    “It is planned to dismiss under the conditions specified in Article 63 of the Labor Code of the Republic of Lithuania from June 15 to June 30 of this year.

    Reasons for dismissal – Article 57 of the Labor Code of the Republic of Lithuania. Termination of the employment contract at the initiative of the employer without the fault of the employee, due to the suspension of the company’s activities”, says M. Jankauskienė.

    Reminatis on the portal requisites.vz.lt given information, it can be seen that the average monthly salary in the “Riestlita” company in April of this year was EUR 1,502 (on paper).

    in 2024 the net profit of the company amounted to EUR 84,296, and the sales revenue was EUR 1.5 million. Eur. In April of this year, Riestlita paid EUR 15,576 in taxes.

    Portal Morning contacted the director of the company, Linus Pakamani, and asked him to comment in more detail on the reasons for having to say goodbye to the majority of employees. We also wanted to inquire whether the company is actually suspending its operations. However, the director refused to comment on the situation.



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