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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
100 jobs Number of planned job creations
Announcement Date
4 February 2011
Employment effect (start)
Foreseen end date
31 December 2011
Description
Bank Snoras, the fourth-largest bank in Lithuania, intends to create 100 new jobs in Vilnius, Utena and Silute by the end of 2011. Currently the company employs 1224 employees. According to management, the company's investment will total around 10 million LTL in 2011. Bank Snoras is planning to open 3 new branches in Vilnius, Silute and Utena by the end of 2011. At present the bank owns 10 regional branches, 13 branch outlets and 230 territorial units in Lithuania.
Sources
4 February 2011: Verslo zinios
Citation
Eurofound (2011), Bank Snoras, Business expansion in Lithuania, factsheet number 71704, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71704.
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