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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Food, Beverages And Tobacco In Specialised Stores 47.2 - Retail sale of food, beverages and tobacco in specialised stores
200 jobs Number of planned job creations
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.
Sources
Citation
Eurofound (2019), Lidl Lietuva, Business expansion in Lithuania, factsheet number 98407, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98407.
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