The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.12 - Manufacture of electricity distribution and control apparatus
109 jobs Number of planned job creations
Announcement Date
22 July 2020
Employment effect (start)
22 July 2020
Foreseen end date
31 March 2021
Description
Harju Elekter (previously Rifas), a company engaged in the production of control and process automation cabinets and other electrical equipment, is expanding its activities in Lithuania and is to create 109 new jobs in Panevezys by the end March 2021. The company plans to double the factory revenues and increase the number of employees from current 241 to 350. Most of the Panevezys production will be exported to foreign markets (Norway, Finland, Netherlands, France and others).
The Estonian-owned company belongs to the Harju Elekter Group which is one of the leading manufacturers of medium and low-voltage electricity and automation equipment in the Baltics and Scandinavia. Around 800 specialists are employed at the Estonian, Finnish, Swedish and Lithuanian branches of Harju Elekter. The Group's sales revenue was about €143.4 million in 2019.
Eurofound (2020), Harju Elekter, Business expansion in Lithuania, factsheet number 101288, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101288.
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