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 Of Food And Beverage Manufacture Of Food Products 10.61 - Manufacture of grain mill products
100 jobs Number of planned job creations
Announcement Date
5 October 2018
Employment effect (start)
1 January 2019
Foreseen end date
Description
Kauno grudai, a Lithuanian company engaged in the production of flour and flour products, is to create 100 new jobs in Alytus in 2019. The company is currently building a new fast-food plant which will start operations at the beginning of 2019. Around 100 new jobs will be created in the newly opened plant. The company’s investment in the plant will constitute around €15 million. More than 60% of the new production of the company will be exported to foreign markets. Currently Kauno grudai employs 822 employees.
Sources
Citation
Eurofound (2018), Kauno grudai, Business expansion in Lithuania, factsheet number 95641, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95641.
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