Type
Business expansion
Country
Lithuania
Region
Lietuva; Vilniaus apskritis;
Location of affected unit(s)
Visaginas
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

200 jobs
Number of planned job creations
Job creation
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62884.