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 - Manufacture of furniture
70 jobs Number of planned job creations
Announcement Date
4 April 2018
Employment effect (start)
4 April 2018
Foreseen end date
31 December 2018
Description
Lithuanian furniture manufacturer Kauno baldai is to create 70 new jobs in Kaunas by the end of 2018. The company will invest around €400.000 into the modernisation of its production facilities. Currently Kauno baldai employs 350 employees. The company exports most of its products to Belgium, Luxembourg, Sweden.
Kauno baldai belongs to SBA group, which is one of the largest business groups in Lithuania. It consists of 30 companies operating in the country and abroad with more than 4,900 employees.
Sources
4 April 2018: Verslo zinios
4 April 2018: 15min.lt
Citation
Eurofound (2018), Kauno baldai, Business expansion in Lithuania, factsheet number 93721, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93721.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
