EMCC European Monitoring Centre on Change

Maxima LT

Company/Organisation:
Maxima LT

Geographic Location

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

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: 15790
Group: Maxima Group

Employment Effects

Announcement Date: 22-08-2017
Type of Restructuring: Business expansion
Employment Effect Start: 22-08-2017
Foreseen End Date: 31-12-2017
Planned Job Creation: 300

Additional Information

Lithuanian retailer Maxima LT is to create 300 new jobs in Vilnius and Kaunas by December 2017.  Maxima LT will open one store in Vilnius and one in Kaunas in the area where Finnish grocery Prisma was previously operating. As it was announced earlier, Prisma LT closed all 4 stores in Lithuania in June, 2017 (see previous case Prisma LT 2017 LT). According to the management, 200 new jobs will be created in Vilnius and 100 new jobs in Kaunas. Currently Maxima LT owns 237 retail chains in Lithuania which employ 15,790 people.

Maxima retail chain operates in Lithuania, Latvia, Estonia, Poland and Bulgaria.