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.
State Joint Stock Company Latvijas dzelzceļš (LDz) will lay off 298 employees working in the cleaning of railway infrastructure premises and territories. The company explains that an evaluation of the cleaning process of railway infrastructure premises and territories has been carried out, analysing the cost-effectiveness. It was concluded that outsourcing this work is more cost-effective for the company compared to the current situation, where the work is carried out by LDz' employees.
The company has informed the affected employees of the decision, submitted a collective redundancy notice to the State Employment Agency, the relevant municipalities and the Latvian Railway and Transport Workers' Union. LDz has contacted the successful bidders for the outsourcing contracts, introducing them to the LDz staff who have performed this work so far, in order to consider the possibility of employing these staff for further cleaning of LDz railway infrastructure premises and areas.
SJSC Latvijas dzelzceļš is the holding company of the Concern Latvijas dzelzceļš. The Group consists of the parent company and seven subsidiaries, which provide both the function of a railway infrastructure manager for public use and a wide range of services in the railway sector. The average number of employees of SJSC Latvijas dzelzcels in 2023 was 3,945.
Eurofound (2024), Latvijas dzelzceļš, Outsourcing in Latvia, factsheet number 201338, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201338.
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