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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
825 jobs Number of planned job creations
Announcement Date
30 November 2005
Employment effect (start)
1 January 2006
Foreseen end date
31 December 2010
Description
Webmedia is one of the largest and fastest growing high-end software development companies in the Baltic States. It employs currently some 175 people in software development with offices and development units in Estonia, Lithuania and Finland. The company also maintains a development centre in Romania. Webmedia focuses on four business areas: telecommunications, finance, healthcare, public administration and government. The company's business plan anticipates a steady growth rate over the coming years. The company thus plans to recruit a further 25 employees by the end of 2005 and aims for a 1,000 people-strong workforce by 2010.
Eurofound (2005), Webmedia, Business expansion in Estonia, factsheet number 62713, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62713.
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