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.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
100 jobs Number of planned job creations
Announcement Date
11 February 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
One of the biggest life assurance companies in Lithuania Ergo Lietuva gyvybes draudimas intends to expand its activity and to create 100 new jobs by the end of the year 2009. At the moment 630 people work in the company. According to the management, three life assurance companies, operating in Lithuania, Latvia and Estonia (i.e. Ergo Lietuva gyvybės draudimas, Ergo Latvija dziviba and Ergo elukindlustuse) will be united as one single company and the headquarters will be transferred to Lithuania.
Sources
11 February 2009: Verslo zinios
Citation
Eurofound (2009), Ergo Lietuva gyvybes draudimas, Business expansion in Lithuania, factsheet number 68204, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68204.
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