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.
Financial Services Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
460 jobs Number of planned job creations
Announcement Date
31 May 2010
Employment effect (start)
1 October 2010
Foreseen end date
31 May 2013
Description
Western Union, an industry leader in global money transfer, is to set up its new global operations center in Vilnius by the end of 2010. According to the mangement, over 200 new jobs will be created in the center in Vilnius during the coming three years. The Lithuanian Ministry of Economy has already signed a Letter of Intent with the company.
UPDATE - 05-05-2011: According to latest news, the company has employed 460 people, i.e. 260 people more than originally announced.
Sources
31 May 2010: Verslo zinios
5 May 2011: Verslo zinios
Citation
Eurofound (2010), Western Union, Business expansion in Lithuania, factsheet number 70617, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70617.
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