Yazaki Wiring Technologies Lietuva

Type
Internal restructuring
Country
Lithuania
Region
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Klaipėdos apskritis
Location of affected unit(s)
Klaipeda
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
148 jobs
Number of planned job losses
Job loss
Announcement Date
22 September 2020
Employment effect (start)
22 September 2020
Foreseen end date

Description

Japanese-owned Yazaki Wiring Technologies Lietuva, which produces bunched cables for the automotive industry, is to dismiss 148 employees in Klaipeda.  The company provided the information to the Lithuanian Employment Service on 22 September 2020. According to the management, the primary cause of the dismissals is the COVID-19 crisis. It hurt the company‘s production, as almost all car plants in Europe were closed when the pandemic started in the spring of 2020. The company has already reduced the number of employees once this year – it dismissed 89 employees in April 2020. Currently, the company employs 862 employees.

Yazaki Wiring Technologies is a world-leading manufacturer of cable equipment for some leading brands such as BMW, Opel, Mercedes-Benz as well as many Japanese and Korean car manufacturers.

Sources

Citation

Eurofound (2020), Yazaki Wiring Technologies Lietuva, Internal restructuring in Lithuania, factsheet number 101930, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101930.