Lidl Lietuva

Type
Business expansion
Country
Lithuania
Region
Lietuva;
Location of affected unit(s)
Vilnius, Kaunas, Panevezys, Traku Voke
Sector
Wholesale / Retail
47 - Retail trade
47.1 - Non-specialised retail sale
47.11 - Non-specialised retail sale of predominately food, beverages or tobacco
200 jobs
Number of planned job creations
Job creation
Announcement Date
30 August 2019
Employment effect (start)
30 August 2019
Foreseen end date
31 December 2019

Description

German discount retailer Lidl has announced plans to expand its business in Lithuania; the company will create around 200 new jobs in Vilnius, Kaunas, Panevezys, Traku Voke and other country’s regions over the next few months. Lidl started its operations in Lithuania in 2016 and currently the company employs 2,051 employees. The company‘s turnover in fiscal year 2018 reached €368 million excluding VAT and was by 23.5% higher than in 2017. Currently the company owes 45 stores in Lithuania.

Citation

Eurofound (2019), Lidl Lietuva, Business expansion in Lithuania, factsheet number 98407, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98407.