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.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
97 jobs Number of planned job losses
Announcement Date
26 May 2006
Employment effect (start)
1 September 2006
Foreseen end date
11 September 2006
Description
Maseko is one of the oldest fishing factories in newly independent Estonia with 545 employees. The product outputs consist of various canned, salted and smoked fish as well as preserves, herring roe, fish flour, etc. The fish factory in Pärnu had been functioning for 65 years altogether (from 1994 on as a subunit of Maseko)before the closure in 2006, when it employed 120 people. The firm continues processing fish in Tallinn, Narva and Virtsu. Despite the decrease in quantities of products the company is still one of the biggest fish factories in Estonia.
Sources
Citation
Eurofound (2006), Maseko/Pärnu Kalatööstus, Closure in Estonia, factsheet number 64042, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64042.
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