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 10.81 - Manufacture of sugar
128 - 300 jobs Number of planned job losses
Announcement Date
22 January 2007
Employment effect (start)
15 January 2007
Foreseen end date
1 September 2007
Description
Jelgavas Cukurfabrika (JC), the sugar manufacturer, announced the closure of its factory in order to comply with the EU sugar reform. The company will receive 30.4 million euro from the EU restructuring fund. JC has informed the State Employment agency that the dismissal of employees will be carried out in four stages. At the first stage 128 dismissals are planned, 11% of which are highly qualified. The company has developed a plan to support the dismissed employees which includes the provision of training.
Eurofound (2007), Jelgavas Cukurfabika, Closure in Latvia, factsheet number 64890, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64890.
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