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
190 jobs Number of planned job creations
Announcement Date
14 September 2018
Employment effect (start)
14 September 2018
Foreseen end date
Description
Western Union, a company operating in international money transfer services, is expanding its activities in Lithuania and will create around 190 new jobs at the global operations centre in Vilnius in 2019. According to the management, the company plans the number of employees to grow by 10% in 2019. Currently the global operations centre in Vilnius employs 1,900 employees, which constitutes one fifth of total employees worldwide. 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
Citation
Eurofound (2018), Western Union, Business expansion in Lithuania, factsheet number 95609, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95609.
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