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 Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.1 - Building of ships and boats
155 jobs Number of planned job creations
Announcement Date
9 July 2018
Employment effect (start)
9 July 2018
Foreseen end date
31 December 2020
Description
MS Maritime, a company engaged in manufacturing of passenger and cruise ships, intends to create at least 155 new jobs in Vilnius by the end of 2020. Currently the company employs 95 employees. MS Maritime has two shareholders: Meyer Werft, which is one of the world's largest ship construction companies, and German metal processing company Stengel GmbH. MS Maritime was set up in 2016 and is rapidly expanding in Lithuania: around 40 new jobs will be created in Vilnius by the end of 2018, another 115 jobs will be created by the end of 2020. According to the management, the financial situation of the company is very good, having already orders until the year 2027.
Sources
Citation
Eurofound (2018), MS Maritime, Business expansion in Lithuania, factsheet number 94797, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94797.
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