EMCC European Monitoring Centre on Change

Visagino statybininkai

Company/Organisation:
Visagino statybininkai

Geographic Location

Country: Lithuania
Region: Vilniaus apskritis; Lietuva
Location of affected unit(s): Visaginas

Company

Sector: Construction
Construction
41 - Construction of buildings
Number Employed: 350

Employment Effects

Announcement Date: 30-01-2006
Type of Restructuring: Business expansion
Employment Effect Start: 01-07-2006
Foreseen End Date: 01-01-2008
Planned Job Creation: 200

Additional Information

The Lithuanian construction company Visagino statybininkai, which belongs to the Lithuanian Ministry of Economics and employs 350 employees, intends to open a new factory in Visaginas in July 2006. About 80% of newly produced articles will be exported to UK. According to the administration, about 200 new workers will be employed in the company due to this business expansion.