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
100 jobs Number of planned job creations
Announcement Date
25 January 2019
Employment effect (start)
25 January 2019
Foreseen end date
25 January 2021
Description
Danish capital furniture manufacturer LTP Texdan is to create 100 new jobs in Kedainiai by the beginning of 2021. The company has just expanded its storage and production facility and intends to hire around 100 new employees in the coming 2-3 years. According to the management, the company's production volume is growing by 10-15 percent every year. Currently the company employs 584 employees. LTP Texdan belongs to the Danish capital group LTP.
Sources
Citation
Eurofound (2019), LTP Texdan, Business expansion in Lithuania, factsheet number 96576, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96576.
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