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.
Other Services Other Service Activities Other Personal Service Activities 96 - Other personal service activities
150 jobs Number of planned job creations
Announcement Date
20 June 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
Baltijos Aktima, who specializes in the production of beer pouring systems in Lithuania, intends to enter a new field providing recreational facilities and build waters complex in Palanga, one of the most popular recreation towns in a country. There will be a rehabilitation centre and sanatoriums, using mineral water and mud baths, hotel, conference hall, restaurant and other recreation places in the complex. It is planned to finish the construction of the complex by the end of 2006 and, according to the administration of the company, 150 new workers will be employed there. Now Baltijos Aktima owns three subsidiaries in Lithuania and one in Riga, Latvia. Ten people are employed in the company in total.
Sources
20 June 2006: Lietuvos Rytas
Citation
Eurofound (2006), Baltijos Aktima, Business expansion in Lithuania, factsheet number 63686, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63686.
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