Restructuring events
European Restructuring Monitor (ERM)
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.
Latvia's clothing producer Lauma Lingerie announced plans in April 2008 to lay off 131 employees, mainly tailors. The company warned that in April it would layoff 14 employees, in May 28, and in June/July 89 employees. The company stated that changes are due to rise of production expenses - electricity, gas, heating, water supply, rent and wages. Part of the current plant will remain in Liepaja, some production and experimental departments, as well as administration. In the previous two years, much of the company's production had been moved to Ukraine and Belarus as well as Asia.
Eurofound (2008), Lauma Lingerie, Offshoring/Delocalisation in Latvia, factsheet number 68310, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68310.