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.
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Utenos apskritis
Location of affected unit(s)
Visaginas
Sector
Construction 41 - Construction of residential and non-residential buildings 41 - Construction of residential and non-residential buildings 41 - Construction of residential and non-residential buildings
200 jobs Number of planned job creations
Announcement Date
30 January 2006
Employment effect (start)
1 July 2006
Foreseen end date
1 January 2008
Description
The Lithuanian construction company Visagino statybininkai, which belongs to the Lithuanian Ministry of Economics and employs 350 employees, intends to open a new factory in Visaginas in July 2006. About 80% of newly produced articles will be exported to UK. According to the administration, about 200 new workers will be employed in the company due to this business expansion.
Sources
30 January 2006: Verslo zinios
Citation
Eurofound (2006), Visagino statybininkai, Business expansion in Lithuania, factsheet number 62884, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62884.
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