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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13 - Manufacture of textiles
60 jobs Number of planned job creations
Announcement Date
2 December 2021
Employment effect (start)
2 December 2021
Foreseen end date
2 December 2024
Description
Danspin, a Danish-capital company producing yarn, will create more than 60 new jobs in Raseiniai by the end of 2024. The company owns a factory in Raseiniai and has announced plans to expand its capacity there. The company is mainly looking for specialists working in production and managing the intricate spinning and carding machines. Currenty the factory in Raseiniai employs 460 employees.
Danspin was founded in 1996 and it is owned by the Danish company Danspin A/S. The company is engaged in the manufacturing of textile goods, including linen goods, felt goods, padding, and upholstery filling. The company's customers are large international companies from the USA, the United Kingdom and in the European Union.
Eurofound (2021), Danspin, Business expansion in Lithuania, factsheet number 106085, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106085.
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.
