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.
Administrative Services Security And Investigation Activities Security And Investigation Activities 80 - Security and investigation activities
150 jobs Number of planned job creations
Announcement Date
5 September 2005
Employment effect (start)
Foreseen end date
Description
Latvian security services company Grifs AG, which is operating currently in Latvia (550 employees) and in Lithuania (200 employees) is to expand its activities in Estonia. By the end of 2005 they plan to recruit 150 people in Estonia and by 2008, plan to be among the three biggest security services companies in Estonia. Several supermarket chains in Latvia and Lithuania are protected by Grifs and the company is hoping to take over the protection of these stores in Estonia.
Sources
5 September 2005: Aripaev
5 September 2005: Postimees
Citation
Eurofound (2005), Grifs, Business expansion in Estonia, factsheet number 62221, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62221.
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