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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
373 jobs Number of planned job losses
Announcement Date
16 October 2008
Employment effect (start)
1 November 2008
Foreseen end date
1 January 2009
Description
Due to rapidly growing expenses IKEA concern is to close its wood plate production line in Incukalns with the loss of 373 jobs by the end of 2008. The concern has stopped production of wood plates, but production of pine sawn timber is continued employing approximately 100 employees. The reason of closure is the production prime costs in Latvia becoming too high.
The dismissed employees include 330 blue-collar workers. Other affected employees are stock keepers, bookkeepers, personal managers, mechanics, electricians, engineers and mid-level managers.
Negotiations between the company management and the trade union took place and all employees to be dismissed are already warned. The enterprise will pay all costs stipulated by law to redundant employees.
Eurofound (2008), Swedwood, Closure in Latvia, factsheet number 68257, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68257.
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