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 Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Information And Communication Equipment 46.52 - Wholesale of electronic and telecommunications equipment and parts
50 jobs Number of planned job creations
Announcement Date
14 December 2021
Employment effect (start)
1 March 2022
Foreseen end date
31 May 2022
Description
Foxway Recommerce is focused on purchase, recovery, resale and disposal of used electronics and will hire 50 new employees in Tartumaa, Estonia in Spring 2022.
It is expected that the production capacity of the company will increase by 20% next year, so a new warehouse is being built in Tartumaa and is expected to start operating in Spring 2022. This will combine logistics and equipment storage and will need 50 new employees for operation. In addition, the company plans to hire 50 employees in other European countries in 2022. Currently Foxway Recommerce employs 530 persons in Estonia of which 450 in Tartumaa.
Foxway Group is specialised in circular recycle of ICT devices and the group employs more than 900 people all over the world.
Sources
Citation
Eurofound (2021), Foxway Recommerce, Business expansion in Estonia, factsheet number 106049, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106049.
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