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.
Manufacturing Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
800 jobs Number of planned job creations
Announcement Date
15 May 2018
Employment effect (start)
15 May 2018
Foreseen end date
1 January 2022
Description
Fitsout, a global provider of furniture and millwork for retail stores, hotels and other public spaces is to create 800 new jobs in Kaunas by 2022. The company is setting a production plant in Kaunas free economic zone, which will start operating at the end of 2018. According to the management, the number of employees is expected to reach 100 in 2018, and 700 more jobs will be created by 2022. The company has already presented its first products to the stakeholders. The investment in the plant will exceed €20 million.
Sources
15 May 2018: Verslo zinios
15 May 2018: Lietuvos Rytas
Citation
Eurofound (2018), Fitsout, Business expansion in Lithuania, factsheet number 94042, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94042.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
