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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
320 jobs Number of planned job creations
Announcement Date
3 June 2014
Employment effect (start)
3 June 2014
Foreseen end date
Description
The Finnish company PKC Group, engaged in the production of wiring and electronics systems for commercial vehicles, is to create 320 new jobs in Panevezys. The company opened a new wiring systems plant in Panevezys on June 1, 2014 that will produce electrical distribution systems for different brands of heavy vehicles. Most of the production will be exported to Scandinavian countries. PKC Group has its branches operating in 11 different countries in the world including Brazil, China and Germany.
Sources
3 June 2014: Lietuvos Rytas
Citation
Eurofound (2014), PKC Group Lithuania, Business expansion in Lithuania, factsheet number 77237, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77237.
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