Type
Internal restructuring
Country
Latvia
Region
Latvija; Riga;
Location of affected unit(s)
Riga
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products

100 jobs
Number of planned job losses
Job loss
Announcement Date
18 April 2006
Employment effect (start)
13 April 2006
Foreseen end date
13 April 2006

Description

Žaņa Lagzdiņa maizes fabrika, one of the oldest bread producers in Latvia, was closed last week. The reasons given were fast increase of production costs on one side and pressure from supermarkets on the other side. The owner of the enterprise was optimistic about the fate of his former employees: "There is a big interest in available employees from other bread producers".


Sources

  • 18 April 2006: Dienas Bizness

Citation

Eurofound (2006), Žaņa Lagzdiņa maizes fabrika, Internal restructuring in Latvia, factsheet number 63338, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63338.