Type
Closure
Country
Lithuania
Region
Lietuva; Kauno apskritis;
Location of affected unit(s)
Kedainiai
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20 - Manufacture of chemicals and chemical products

140 jobs
Number of planned job losses
Job loss
Announcement Date
2 December 2008
Employment effect (start)
1 December 2008
Foreseen end date

Description

Chemical company Yara Lietuva suspended its production activities on 1 December 2008. The company has announced the closure of its plant in Kedainiai with the loss 140 jobs. The main reason for the closure of the plant is decreased demand for the company’s products.

Yara Lietuva belongs to the Yara International group, which is one of the largest suppliers of mineral fertilizers in the world.


Sources

  • 2 December 2008: Verslo zinios

Citation

Eurofound (2008), Yara Lietuva, Closure in Lithuania, factsheet number 67600, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67600.