EMCC European Monitoring Centre on Change

Lidl Lietuva

Company/Organisation:
Lidl Lietuva

Geographic Location

Country: Lithuania
Region: Lietuva
Location of affected unit(s): Vilnius, Kaunas, Panevezys, Traku Voke

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.2 - Retail sale of food, beverages and tobacco in specialised stores
Number Employed: 2051
Group: Lidl

Employment Effects

Announcement Date: 30-08-2019
Type of Restructuring: Business expansion
Employment Effect Start: 30-08-2019
Foreseen End Date: 31-12-2019
Planned Job Creation: 200

Additional Information

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.