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 Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.1 - Monetary intermediation
100 jobs Number of planned job creations
Announcement Date
2 May 2017
Employment effect (start)
2 May 2017
Foreseen end date
31 December 2017
Description
Western Union, a company operating in international money transfer services, is expanding its activities in Lithuania and will create around 100 new jobs in the global operations centre in Vilnius by the end of 2017. Currently the global operations centre in Vilnius employs around 1,700 employees. According to the management, the number of employees in Vilnius should grow by 10-15 percent and will reach around 1,800 by the end of 2017. On 2 May 2017, Western Union opened a new customer experience centre in Vilnius which has the potential to accommodate 800 jobs.
Sources
2 May 2017: Verslo zinios
2 May 2017: Lietuvos Rytas
Citation
Eurofound (2017), Western Union, Business expansion in Lithuania, factsheet number 90802, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90802.
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