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.
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Kauno apskritis
Location of affected unit(s)
Kedainiai
Sector
Manufacturing (20 - 21) Manufacture of chemicals and pharmaceuticals 20 - Manufacture of chemicals and chemical products 20 - Manufacture of chemicals and chemical products
140 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/67600.
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