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 In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
362 jobs Number of planned job creations
Announcement Date
5 October 2021
Employment effect (start)
5 October 2021
Foreseen end date
Description
Lithuanian retail company Palink, the operator of Iki supermarkets, is to create around 362 new jobs across different regions of Lithuania in 2021, as the company is planning to open several new stores in the country.
The company is currently looking for more than 360 employees in retail trade, manufacturing, and other sectors. According to the management, the majority of current open positions (around 200) are for cashiers.
Palink is the second largest retail chain in Lithuania operating under the brand Iki. The company was founded in 1991 and currently it is one of the largest employers in Lithuania, with 233 stores that employ 5,786 people. Palink belongs to the REWE group, one of the largest retail chains in Germany.
Eurofound (2021), Palink, Business expansion in Lithuania, factsheet number 105426, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105426.
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.
