Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Theca Furniture, the Danish manufacturer of contemporary sofas and chairs, is to create around 150 new jobs in its newly set-up production unit in Alytus by the end of 2016. The new production unit in Alytus was opened in June 2016 and currently employs 40 employees.
Theca Furniture has stared its activities in Lithuania in 2006. The headquarters of the company employing around 650 employees are located in Kaunas.
Eurofound (2016), Theca Furniture, Business expansion in Lithuania, factsheet number 88405, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88405.