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Former Lithuanian Airports CEO Bartkus Receives Over 7,350 Euros Severance
๐Ÿ‡ฑ๐Ÿ‡น Lithuania /Energy & Infrastructure

Former Lithuanian Airports CEO Bartkus Receives Over 7,350 Euros Severance

From Delfi · () Lithuanian

Translated from Lithuanian, summarized and contextualized by DistantNews.

At a glance

News Named sources Outcome reported
  • Former Lithuanian Airports (LTOU) CEO S. Bartkus received over 7,350 euros in severance pay.
  • The payout was a one-month average salary, as per his agreement with the former company board.
  • Bartkus left his position by mutual agreement in March, and a new board is set to be formed.

The former general director of Lithuanian Airports (LTOU), S. Bartkus, has received a severance payment exceeding 7,350 euros. This payout aligns with provisions in the Labor Code, which stipulate that if a manager is dismissed without culpable actions on their part, they are entitled to a severance payment equivalent to their average monthly salary.

As stipulated in Article 104 of the Labor Code, if the manager is recalled in the manner prescribed by law and if the recall was not caused by his culpable actions, the manager is granted a severance payment equal to the average monthly wage (VDU).

โ€” Lithuanian AirportsExplaining the basis for the severance payment.

According to a statement from Lithuanian Airports, Bartkus was granted a severance payment equivalent to one month's average salary based on an agreement with the company's former board. Bartkus himself announced his departure from the position in March, stating it was by mutual agreement between both parties.

The former General Director of Lithuanian Airports (...) was paid a severance payment equal to one month's average wage by agreement with the former company board.

โ€” Lithuanian AirportsDetailing the specific amount and agreement for S. Bartkus's severance.

Following Bartkus's exit, the Ministry of Transport announced plans to form a new LTOU board, which is expected to commence its work in August. In the interim, Gintarฤ— Norvilaitฤ—-Tauteviฤฤ—, the director of the company's commercial department, will serve as the acting head. The selection process for the new general director will be overseen by the newly formed board, with the ministry guiding the overall procedure.

S. Bartkus announced in March that he was leaving his position by mutual agreement of both parties.

โ€” Lithuanian AirportsConfirming the circumstances of Bartkus's departure.
DistantNews Editorial

Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.