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 Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
260 jobs Number of planned job creations
Announcement Date
10 January 2019
Employment effect (start)
10 January 2019
Foreseen end date
31 December 2020
Description
Hollister Incorporated, the US-based global manufacturer of medical devices and equipment, is to create at least 260 new jobs in Kaunas by the end of 2020. The company is setting a new manufacturing plant in Kaunas free economic zone; the plant should start operations in the 2nd quarter of 2019. Currently Hollister Lietuva employs around 40 employees. According to the management, the number of employees should grow to 140 in 2019, and should reach 300 by the end of 2020. The company’s investment in the new plant will constitute around €50 million.
Eurofound (2019), Hollister Lietuva, Business expansion in Lithuania, factsheet number 96507, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96507.
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