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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
200 jobs Number of planned job creations
Announcement Date
3 February 2016
Employment effect (start)
3 February 2016
Foreseen end date
31 December 2016
Description
Retailer Palink announced plans to further expand in Lithuania and create around 200 new jobs across different regions of the country by the end of 2016. Among the reasons of expansion the company mentioned the introduction of a new deposit system for single-use packaging in Lithuania which is effective since February 2016. The new system requires collection of a monetary deposit on reusable packaging at the point of sale. The company plans to employ at least 100 operators to comply with the new requirements.
Currently Palink operates more than 240 stores with 7,690 employees under the IKI brand.
Sources
3 February 2016: Verslo zinios
Citation
Eurofound (2016), Palink, Business expansion in Lithuania, factsheet number 86400, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86400.
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