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.
In September 2005 A&G Textile opened a new factory in Narva. In November 60 employees were working in the new factory and according to manager of A&G Textile, the plans of the company are to hire up to 200 employees by the end of 2006. Since 2004, A&G Textile belongs to the Finnish workwear producer Image Wear and 85% of the production is exported to Finland. Image Wear invested 2.3 million Estonian crowns in the new factory in Narva. The expected turnover of Narva factory by the end of the year will be 5-6 million Estonian crowns.
Eurofound (2005), A&G Textile, Business expansion in Estonia, factsheet number 62718, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62718.