The 28-year-old company, “Two Dogs,” is undergoing a significant restructuring, with plans to lay off 17 of its 30 specialized employees. The company’s director, Vidmantas Buivydas, has openly stated that the decision stems from the company’s strategy to sell the profitable enterprise. When questioned about the status of a potential buyer, the director declined to provide specific details, stating only that the situation was “possibly” advanced.
He further indicated that this matter is expected to be resolved within one week. Buivydas also addressed the broader economic climate, commenting on the government’s proposals and their potential impact on businesses. Regarding the operational focus of the company, he noted that “Two Dogs” manufactures wooden trays, with Germany serving as its primary export market.
Publicly available data confirms that the company has historically operated profitably. The impending workforce reduction and sale signal a major transition for the established business. The director’s comments suggest that the current operational model, while successful, is being replaced by a new ownership structure.
The announcement of layoffs, even amid a sale process, raises questions regarding the immediate impact on the workforce and the continuity of established export channels. The timeline provided by the director suggests a rapid conclusion to the sale negotiations, marking a definitive shift for the entire company.
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