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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
110 jobs Number of planned job creations
Announcement Date
5 October 2006
Employment effect (start)
1 January 2007
Foreseen end date
31 December 2007
Description
Mazeikiu lyra, the furniture producer, which has increased its turnover by 47% in 2006, intends to expand the production and to increase the number of employees from 240 to 350 people in 2007. The company will invest more than LTL 8 million in the construction of new premises and enlarge the production area by 7,000 square metres in 2007. At present, the entire production of the company is exported to Scandinavian countries: Denmark, Sweden and Norway.
Sources
5 October 2006: Verslo zinios
Citation
Eurofound (2006), Mazeikiu lyra, Business expansion in Lithuania, factsheet number 64220, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64220.
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