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.
Verems, a plywood and birch-veneer manufacturer operating in the Rēzekne Special Economic Zone (RSEZ) in Latvia’s Latgale region, is creating at least 80–100 new jobs through the construction of a new manufacturing plant. According to the company, employment at Verems will increase by more than 25%: at the end of 2024 the company employed just over 300 people, while by the end of 2025 total headcount is expected to exceed 400 employees. Company representatives emphasise that the project also generates indirect employment by increasing demand for services, logistics, and materials from local suppliers in the surrounding region.
The employment growth is driven by an investment project exceeding EUR 100 million, making it the largest single industrial investment in Latgale and the biggest in Verems’ history. The project involves the construction of a new large-scale production facility for large-format birch plywood and has received approximately EUR 10 million in state support (less than 10% of the total investment). The new plant is expected to nearly double production capacity and improve efficiency through modern, resource-saving technologies. Verems’ products are primarily intended for export, serving markets such as shipbuilding, construction and industrial manufacturing across Europe.
Eurofound (2025), Verems, Business expansion in Latvia, factsheet number 203800, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203800.
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