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.
Lattelekom is one of the biggest telecommunications companies in Latvia, providing telecommunications and IT solutions.
On 28 June 2005 Lattelekom Subsidiary Company SIA Citrus Solutions (CS) was registered at the Register of Enterprises of the Republic of Latvia.
CS was established separating the Network Maintenance Division (NMD).
CS will provide customers in Latvia and foreign countries solutions for maintenance of communications infrastructure and service.
CS will employ 600 employees previously employed in Lattelekom NMD.
Eurofound (2005), Citrus Solutions, Business expansion in Latvia, factsheet number 61921, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61921.