Latvija; Kurzeme;
Location of affected unit(s)
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17 - Manufacture of paper and paper products
New offshoring locations

238 jobs
Number of planned job losses
Job loss
Announcement Date
29 February 2008
Employment effect (start)
29 February 2008
Foreseen end date
31 March 2008


On 29 February 2008 IG Latvia announced that it will close its facility in Latvia by the end of March 2008. All 238 workers will lose their jobs. IG Latvia is a production unit of UK based enterprise International Greetings which designs, manufactures and sells greetings products, including gift wrap, accessories such as gift tags, bows and ribbons, Christmas crackers, Christmas cards and stationery. The factory in Latvia opened in early 2005, initially producing cards and tags together with some bows, ribbons and accessories. During the first operation year in Latvia the company invested approximately 3.5 million EUR, and hired approximately 200 employees. In 2006 the investments in Latvia's facility had been suspended for 12 to 18 month. Still the representatives of the company promised that there was no threat that future plans would change. In late February 2008 International Greetings announced that all operational activities in the Latvian factory have been discontinued, with goods previously manufactured in that location now being produced at the International Greeting's factory in China or outsourced.



Eurofound (2008), IG Latvia, Offshoring/Delocalisation in Latvia, factsheet number 68268, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68268.