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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
150 jobs Number of planned job creations
Announcement Date
25 February 2019
Employment effect (start)
25 February 2019
Foreseen end date
31 December 2020
Description
Lithuania's wood industry company Vakaru medienos grupe intends to create 150 new jobs in Akmene by the end of 2020. Vakaru medienos grupe plans to build a new particle board factory and a new furniture production facility in Akmene free economic zone. The company has already started recruitment of new employees. The company is looking for safety specialists, IT specialists, technologists and other specialists. According to the management, the board factory will start operating in the first quarter of 2020. The total investment in Akmene will amount to €180 million. The company will create around 1,000 new jobs by the end of 2024. Currently the company employs 131 employees.
Eurofound (2019), Vakaru medienos grupe, Business expansion in Lithuania, factsheet number 97169, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97169.
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