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 Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
New offshoring locations
Bangladesh, Turkey, Ukraine
300 jobs Number of planned job losses
Announcement Date
27 May 2015
Employment effect (start)
27 May 2015
Foreseen end date
Description
La-Nika Baltic Ltd., the company engaged in the production of apparel and belonging to the Danish United Textile Group, is to dismiss around 300 employees in Vilnius. According to preliminary information, the Danish company is moving the production from Lithuania to cheaper labour countries (Bangladesh, Ukraine, Turkey). Currently the United Textile Group owns 9 apparel production factories (6 of them are in Turkey). Although the management of La-Nika Baltic Ltd. denied the possibility of bankruptcy, since April 2015 the company has already dismissed more than 100 employees.
Sources
27 May 2015: Lietuvos Rytas
Citation
Eurofound (2015), La - Nika Baltic Ltd., Offshoring/Delocalisation in Lithuania, factsheet number 83724, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83724.
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