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.
Super Bebris, a manufacturer of wood building parts and houses, plans to relocate production activities to the USA and cuts 100 jobs at the manufacturing unit in Limbazi.
The company was founded on 10 January 2001. In 2006 it relocated manufacturing from rented unit in Allazi to the new manufacturing unit in Limbazi for production of glued timber building parts, glued timber beam houses and timber panel prefab houses. On 9 April 2010 the company announced that it was to close the workshop in Latvia and relocate production activities to the USA.
The company owner Normunds Teko blamed the relocation on the current economic climate in Latvia and the need for new markets. Following market research, it appears that there are good possibilities for development in the USA. On 5 July 2010 Normunds Teko announced that the company had terminated all activities in Latvia and the relocation was being carried out according to the original plan.
Eurofound (2010), Super Bebris, Offshoring/Delocalisation in Latvia, factsheet number 71863, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/71863.
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