An established fish farming company in northeastern Lithuania is laying off a significant portion of its workforce due to government decisions affecting land use, according to labor officials.
The State Employment Service confirmed it received notice from UAB “Vasaknos” regarding plans to terminate 10 employees. The layoffs will occur in phases from May 1 to October 1 of this year. The company currently employs 36 people in total.
“The reason for the layoffs is that, due to decisions by the National Land Service under the Ministry of Environment, the company cannot use part of its production capacity,” said Milda Jankauskienė, a representative of the Employment Service.
Company director Algirdas Šiukščius stated that the National Land Service unilaterally established servitude routes across the company’s land, citing past incidents where livestock damaged fish ponds and stole fish. He added that the financial burden includes a land lease fee of 40,000 euros imposed by the agency.
“Because of this, we are unable to fully utilize our production capacity,” Šiukščius said. “Carp prices are declining, and we witness that we may not be able to sustain operations much longer.”
The company, based in the village of Vasaknos in Zarasai District, has been engaged in fish farming, processing, and sales for over three decades. Its 2024 revenue reached nearly 2 million euros, with a net profit of approximately 385,000 euros.