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.
Wholesale / Retail 47 - Retail trade 47.1 - Non-specialised retail sale 47.11 - Non-specialised retail sale of predominately food, beverages or tobacco
400 jobs Number of planned job creations
Announcement Date
31 May 2012
Employment effect (start)
31 May 2012
Foreseen end date
31 December 2012
Description
Retailer Maxima LT announced plans to create 400 new jobs across different regions of Lithuania by the end of 2012.
According to the management, the company plans further expansion and will continue to invest in upgrading its stores in 2012.
Currently Maxima LT employs around 15,600 people. The group owns retail chains operating in Lithuania, Latvia, Estonia, and Bulgaria.
Sources
31 May 2012: Lietuvos Rytas
Citation
Eurofound (2012), Maxima LT, Business expansion in Lithuania, factsheet number 73800, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73800.