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 Of Automotive Fuel In Specialised Stores 47.30 - Retail sale of automotive fuel in specialised stores
100 jobs Number of planned job creations
Announcement Date
18 May 2018
Employment effect (start)
18 May 2018
Foreseen end date
31 December 2018
Description
Viada LT, the operator of the largest network of fuel stations in Lithuania, intends to create at least 100 new jobs across different regions of Lithuania by the end of 2018. The company plans to open at least 5 new fuel stations and reconstruct 10 already operating. It is expected that this would increase the turnover of the company by at least 5% - up to €420 million. Currently the company operates 120 fuel stations in Lithuania and employs 1,110 employees.
Viada LT was formerly known as Luktarna and changed its name to Viada LT in September 2016.
Sources
18 May 2018: Diena.lt
Citation
Eurofound (2018), Viada LT, Business expansion in Lithuania, factsheet number 94318, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94318.
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