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.
(10 - 33) Manufacturing (10 - 11) Manufacture of food and beverage 10 - Manufacture of food products 10 - Manufacture of food products
100 jobs Number of planned job losses
Announcement Date
18 April 2006
Employment effect (start)
13 April 2006
Foreseen end date
13 April 2006
Description
Žaņa Lagzdiņa maizes fabrika, one of the oldest bread producers in Latvia, was closed last week. The reasons given were fast increase of production costs on one side and pressure from supermarkets on the other side. The owner of the enterprise was optimistic about the fate of his former employees: "There is a big interest in available employees from other bread producers".
Sources
18 April 2006: Dienas Bizness
Citation
Eurofound (2006), Žaņa Lagzdiņa maizes fabrika, Internal restructuring in Latvia, factsheet number 63338, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63338.
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