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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Via Stalls And Markets Or Other 47.91 - Retail sale via mail order houses or via Internet
100 jobs Number of planned job creations
Announcement Date
25 September 2020
Employment effect (start)
25 September 2020
Foreseen end date
31 December 2020
Description
Vinted, the clothing exchange and sale platform, intends to create 100 new jobs in Vilnius by the end of 2020. Vinted is a Lithuanian startup offering an online marketplace where users can sell, buy and swap second-hand clothing. Currently, the company employs 500 employees. In 2019, the company attracted €128 million venture capital investment and became Lithuania's first startup company valued at over €1 billion. Recently the company has moved to a new office and plans to further expand in the following 1-2 years. The company is currently looking for engineers, technology experts, as well as customer service and other specialists. With its headquarters in Vilnius, the company also has offices in San Francisco, Munich, Paris, Warsaw, and Prague.
Eurofound (2020), Vinted, Business expansion in Lithuania, factsheet number 101929, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101929.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
