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 31.0 - Manufacture of furniture
125 jobs Number of planned job creations
Announcement Date
30 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
Description
One of the largest Norwegian furniture manufacturing companies IMG Group is investing in Lithuania and will create 125 new jobs in Panevezys in 2019. In April 2018 the company established a subsidiary company IMG Lithuania and started construction of a new plant and distribution centre in Panevezys. The new factory should start operations at the beginning of 2019. Currently IMG Lithuania employs 22 employees. The company’s investment in the new plant will constitute around €10 million.
IMG Group is part of the Ekornes ASA group of Norway which is known for its luxury line of reclining armchairs and sofas. Ekornes ASA is the largest furniture manufacturer in the Nordic region and owns such brand names as Ekornes, Stressless and Svane.
Sources
Citation
Eurofound (2018), IMG Lithuania, Business expansion in Lithuania, factsheet number 96266, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96266.
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.
