The Vilnius City Council plans to restructure the boards of five municipal companies, a move that will take effect on October 29th, according to an announcement reported by lrt.lt. The affected entities are ID Vilnius, Vilniaus vystymo kompanija, Miesto gijas, Grinda, and Vilniaus viešasis transportas (VVT). These significant changes to the governance structure of several key Vilnius companies are reportedly linked to forthcoming amendments in the Labor Code.
Specifically, these changes are associated with new provisions that mandate the inclusion of employee representatives in the management of state and municipal enterprises, as explained by A. Bužinskas. The restructuring involves the temporary abolition and subsequent reformation of the boards of these municipal companies.
While the focus remains on Vilnius, sources indicate that similar modifications to the boards of municipal companies in other capital cities are not anticipated at this time. The adjustments represent a notable administrative shift within the operational frameworks of these local enterprises. The changes are expected to align the governance of these Vilnius companies with the updated labor regulations taking force on November 1st.
The council’s action signals a formal adaptation to broader legislative requirements affecting public and municipal sector management.
Topics: #vilnius #companies #changes
