EMCC European Monitoring Centre on Change

Theca Furniture

Company/Organisation:
Theca Furniture

Geographic Location

Country: Lithuania
Region: Alytaus apskritis; Lietuva
Location of affected unit(s): Alytus

Company

Sector: Manufacturing
Other manufacturing, and repair and installation of machinery and equipment
31 - Manufacture of furniture
Number Employed: 709
Group: Theca

Employment Effects

Announcement Date: 27-03-2020
Planned Job Reductions min: 87
Type of Restructuring: Internal restructuring
Employment Effect Start: 27-03-2020
Direct Dismissals: 87

Additional Information

Danish-capital furniture manufacturing company Theco Furniture is to dismiss 87 employees in Alytus. According to the management, the main cause of the dismissals is the quarantine regime in Lithuania. Such information was provided by the Lithuanian Employment Service. To control the spread of coronavirus (COVID-19), the Lithuanian Government declared quarantine on the entire territory of the Republic of Lithuania as of 16 March 2020.

Currently Theco Furniture employs 709 employees. Furniture production was relocated from Denmark to Lithuania in 2006. The company is exporting their products to more than 50 countries worldwide.

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