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 10.11 - Processing and preserving of meat
139 jobs Number of planned job losses
Announcement Date
27 June 2007
Employment effect (start)
31 August 2007
Foreseen end date
Description
Atria Group, a Finnish producer of meat products, intends to close the meat processing plant Vilniaus Mesa in Lithuania because it is not profitable. The market share of Vilniaus mesa constitutes only 3 percent of total meat products market in Lithuania. According to the firm, the plant will be closed by the end of August, 2007 and 139 employees, working in the plant, will be dismissed. The closedown of the plant will cost about 7 million LTL to the Atria group.
Sources
27 June 2007: Lietuvos Rytas
Citation
Eurofound (2007), Vilniaus mėsa, Closure in Lithuania, factsheet number 65555, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65555.
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