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 Furniture And Other Manufacturing Manufacture Of Furniture 31.0 - Manufacture of furniture
108 jobs Number of planned job creations
Announcement Date
25 January 2018
Employment effect (start)
25 January 2018
Foreseen end date
Description
Lithuanian furniture manufacturer Narbutas Furniture Company is to create 108 new jobs in Ukmerge. The company will invest €7 million into the expansion of its plant and a new production facility. Narbutas Furniture Company is rapidly expanding in Lithuania: in 2017, the company's revenues grew by 41% and earnings (before interest, taxes, depreciation and amortisation) grew by 56%, reaching €10.7 million. The company created 111 new jobs in 2017. Currently Narbutas Furniture Company employs 680 employees. The company has already announced a variety of vacancies for different kind of employees.
Sources
25 January 2018: Verslo zinios
25 January 2018: Lietuvos Rytas
25 January 2018: 15min.lt
Citation
Eurofound (2018), Narbutas Furniture Company, Business expansion in Lithuania, factsheet number 93125, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93125.
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