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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Household Equipment In Specialised Stores 47.51 - Retail sale of textiles in specialised stores
500 jobs Number of planned job creations
Announcement Date
9 May 2017
Employment effect (start)
1 September 2017
Foreseen end date
9 May 2020
Description
Polish retail chain Pepco is initiating operations in Lithuania and intends to create 500 jobs. The first store is expected to open in December 2017. In September 2017 the company will start a recruitment campaign. During the first three years of operations, the company plans to open about 50 stores to create 500 new jobs.
Pepco is a Polish discount retailer, which sells clothes, accessories, toys and discount household items. Apart from Poland, Pepco currently operates in several Central European countries such as Hungary, the Czech Republic, Slovakia and Romania. The retail chain employs more than 9,000 employees with more than 700 stores in Poland and more than 1,000 stores all over Europe.
Sources
9 May 2017: Verslo zinios
12 May 2017: Lietuvos Rytas
Citation
Eurofound (2017), Pepco, Business expansion in Lithuania, factsheet number 90989, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90989.
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