Restructuring events
European Restructuring Monitor (ERM)
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.
Ermitazas, one of the largest retail chains for building and household supplies in Lithuania, is to create around 80 new jobs in Kaunas at the end of January in 2019. The company will officially open a second store in Kaunas on January 25 in 2019. Currently Ermitazas employs 700 employees.
Ermitazas was established in Lithuania in 2004 and after the opening of the new store the company will owe 11 stores in Lithuania. The company belongs to Vilniaus prekyba group.
Eurofound (2019), Ermitažas, Business expansion in Lithuania, factsheet number 96518, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96518.