EMCC European Monitoring Centre on Change

Maxima LT

Company/Organisation:
Maxima LT

Geographic Location

Country: Lithuania
Region: Lietuva

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
Number Employed: 17235
Group: Maxima group

Employment Effects

Announcement Date: 03-02-2016
Type of Restructuring: Business expansion
Employment Effect Start: 03-02-2016
Foreseen End Date: 31-12-2016
Planned Job Creation: 400

Additional Information

Retailer Maxima LT announced plans to create 400 new jobs across different regions of Lithuania by the end of 2016. Among the reasons of expansion the company mentioned the introduction of a new deposit system for single-use packaging in Lithuania which is effective since February 2016. The new system requires collection of a monetary deposit on reusable packaging at the point of sale. The company plans to employ at least 170 operators to comply with the new requirements. Currently Maxima LT owns 234 retail chains in Lithuania which employ 17,235 people.