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.
The food producer Orkla Group plans to start the production of cookies, biscuits and wafers in Latvia, Ādaži. Orkla Biscuit Production has built a new plant of more than 30,000 m2 with 13 production lines and plans to employ up to 300 people.
The first 50 employees have been in Sweden for training - to learn recipes and the production process.
Construction of the plant began in November 2020 and is scheduled to be operational by the end of this year. In turn, it is planned to complete the entire project by 2023, so that the plant can operate at full capacity. Consequently, the production of biscuits and waffles from Sweden and Riga will be moved to Ādaži.
Orkla Biscuit Production is a production company of the Orkla Group in Latvia. 80% of the biscuits and waffles produced in Latvia will be produced for other Orkla Group companies in the Nordic countries (Sweden, Norway, Finland, Estonia and also Latvia). The new plant will make at least 10 different brands of cookies and waffles.
Eurofound (2022), Orkla Biscuit Production, Business expansion in Latvia, factsheet number 106926, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106926.
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