Type
Business expansion
Country
Lithuania
Region
Lietuva; Klaipedos apskritis;
Location of affected unit(s)
Klaipeda
Sector
Wholesale / Retail
Retail trade
Retail sale of other household equipment
47.5 - Retail sale of other household equipment

180 jobs
Number of planned job creations
Job creation
Announcement Date
24 November 2016
Employment effect (start)
24 November 2016
Foreseen end date
24 November 2016

Description

Latvian building materials and household goods chain Depo opened its first store in Klaipeda on 24 November 2016. Around 180 new jobs were created in the newly opened store. The company plans to open four more stores in other Lithuanian cities in 2017. The total investment in the new store in Klaipeda amounted to 27 million Euros.


Sources

  • 24 November 2016: Verslo zinios
  • 25 November 2016: 15min.lt

Citation

Eurofound (2016), Depo DIY LT, Business expansion in Lithuania, factsheet number 89236, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89236.