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 (31) Manufacture of furniture 31 - Manufacture of furniture 31 - Manufacture of furniture
200 jobs Number of planned job creations
Announcement Date
10 July 2008
Employment effect (start)
10 July 2008
Foreseen end date
10 July 2008
Description
Narbutas & Ko, one of the leading companies in Lithuanian furniture market, employing more than 600 employees, opened a new office furniture factory in Ukmerge in July 2008. Two hundred new workers started working in the factory and the number of employees is expected to grow twice as many by the end of 2011. The company invested more than 75 million LTL in the newly built factory.
Sources
10 July 2008: Lietuvos Rytas
Citation
Eurofound (2008), Narbutas & Ko, Business expansion in Lithuania, factsheet number 66842, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66842.
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