EMCC European Monitoring Centre on Change

Palink

Company/Organisation:
Palink

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: 7690
Group: Palink 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: 200

Additional Information

Retailer Palink announced plans to further expand in Lithuania and create around 200 new jobs across different regions of the country 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 100 operators to comply with the new requirements.

Currently Palink operates more than 240 stores with 7,690 employees under the IKI brand.