Germanika

Type
Business expansion
Country
Lithuania
Region
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Klaipėdos apskritis
Location of affected unit(s)
Silute
Sector
Manufacturing
(31) Manufacture of furniture
31 - Manufacture of furniture
31 - Manufacture of furniture
230 jobs
Number of planned job creations
Job creation
Announcement Date
23 March 2011
Employment effect (start)
23 March 2011
Foreseen end date
1 January 2012

Description

Germanika, a company producing furniture, intends to create 230 new jobs in Silute by the beginning of 2012. Currently the company employs 360 people. Germanika belongs to the Concern SBA, which intends to invest around 36 million LTL in a new furniture manufacturing technology. At present Concern SBA manages 26 companies operating in Lithuania and abroad.

Sources

  • 23 March 2011: Verslo zinios

Citation

Eurofound (2011), Germanika, Business expansion in Lithuania, factsheet number 71821, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71821.