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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13 - Manufacture of textiles
325 jobs Number of planned job losses
Announcement Date
18 July 2008
Employment effect (start)
18 July 2008
Foreseen end date
18 July 2008
Description
The wool manufacturer Ogres Jarns has suspended manufacturing and dismissed all 325 workers. Einars Vaivods, the member of the board of the enterprise said to news agencies that rising energy prices has had a catastrophic effect on costs of production. The company awaits the announcement of new gas tariffs (planned on 1 September 2008) before making further decisions on whether manufacturing activity can be recommenced.
Sources
19 July 2008: Diena
18 July 2008: www.diena.lv
Citation
Eurofound (2008), Ogres Jarns, Internal restructuring in Latvia, factsheet number 66879, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66879.
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