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.
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Kauno apskritis
Location of affected unit(s)
Kaunas
Sector
Manufacturing (31) Manufacture of furniture 31 - Manufacture of furniture 31 - Manufacture of furniture
164 jobs Number of planned job creations
Announcement Date
11 August 2017
Employment effect (start)
11 August 2017
Foreseen end date
Description
Norwegian furniture manufacturer FPI Baltic is expanding its activities in Lithuania and is to create 164 new jobs in Kaunas. According to the management, the company plans to triple the production volume and to increase the number of employees from 161 to 325. The main part of the company's production consists of non-standard and limited-edition furniture.
Sources
11 August 2017: Verslo zinios
Citation
Eurofound (2017), FPI Baltic, Business expansion in Lithuania, factsheet number 91727, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91727.