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 "Lielzeltini", a poultry processing plant in Bauska, will fire 124 workers as a result of a reorganisation. The "Lielzeltini" and "Putnu fabrika Kekava" poultry companies are owned by the Lithuanian company "Linas Agro Group". It has decided to reduce the cost of running an obsolete poultry processing plant in Bauska and instead increase the capacity of a processing plant in Kekava. 124 out of 400 workers at the Bauska processing plant will be laid off during the reorganisation.
At the same time, 100 vacancies in the Kekava plant have been announced. According to "Kekava" CEO Andris Vilcmeiers, "workers fired in Bauska have been offered the opportunity to work in Kekava, on the same wages, but not all accepted the offer for various individual reasons". The affected part of the processing plant in Bauska is the slaughterhouse. The capacity of Bauska slaughterhouse is 2000 units per hour, while in Kekava, the capacity is 6000 units per hour, and it is planned to increase the capacity to 7000 units per hour. Moreover, according to the company representatives, the recently renovated slaughterhouse in Kekava provides better temperature control. The raising of chicken and manufacturing of animal feed will be continued in the Bauska plant. "Linas Agro Group" owns 87 per cent of "Kekava" shares and is also the owner of Latvian poultry companies "Lielzeltini", "Cerova", and "Broileks".
Eurofound (2015), Lielzeltini, Relocation in Latvia, factsheet number 84387, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84387.
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