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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
800 jobs Number of planned job creations
Announcement Date
19 November 2007
Employment effect (start)
1 June 2009
Foreseen end date
Description
Vakaru Medienos Grupe, a Lithuanian wood processing firm, has announced that it is to create 800 new jobs in Alytus with the development of a new plant. Production at the new site is scheduled to commence in the second half of 2009. Vakaru Medienos Grupe currently employs 1,500 in Lithuania and operates three sites in the country. Over 75 per cent of the firm’s output is exported to Western European countries and Russia.
Sources
19 November 2007: Verslo zinios
Citation
Eurofound (2007), Vakaru Medienos Grupe, Business expansion in Lithuania, factsheet number 66042, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66042.
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