M. Jankauskienė, a representative from UŽ, announced the planned dismissal of personnel within the advertising system group UŽ. The insolvency administrator issued the notification regarding the workforce reduction.
A total of 22 employees have been notified of the planned termination, with the majority of these individuals (15) working in the field of decorations. According to M. Jankauskienė, the dismissal is scheduled to take effect on June 4, 2026.
The termination process is legally grounded in Article 63 of the Labour Code, alongside Article 62 of the Legal Entity Insolvency Act. These articles permit the termination of employment contracts specifically in instances where the employer declares insolvency. The announcement pertains to the entire staff of the advertising sector group.
Efforts to obtain clarification from representatives of “Advertising Systems” regarding the specific reasons leading to the company’s bankruptcy were reportedly unsuccessful, as the representatives declined to discuss the matter. For context, the portal recourse.vz.lt noted that “Reklamos” operates as a subsidiary of “Reklamos sistemos.” The situation highlights the impact of insolvency proceedings on the operational capacity of the advertising industry. The measures signal a formal restructuring mandated by insolvency law, affecting all personnel associated with the group.
Topics: #employees #advertising #all
