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 Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.1 - Monetary intermediation
300 jobs Number of planned job creations
Announcement Date
7 January 2017
Employment effect (start)
7 January 2017
Foreseen end date
31 December 2017
Description
Western Union, a company operating in international money transfer services, is expanding its activities in Lithuania and will create around 300 new jobs at the global operations centre in Vilnius by the end of 2017. Currently the global operations centre in Vilnius employs around 1,600 employees.
Western Union is one of the largest global payment services providers with a combined network of over 500,000 agent locations in 200 countries and territories.
Sources
7 January 2017: Verslo zinios
Citation
Eurofound (2017), Western Union, Business expansion in Lithuania, factsheet number 89738, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89738.
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