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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.21 - Service Activities Incidental To Land Transportation
298 jobs Number of planned job losses
Announcement Date
21 June 2024
Employment effect (start)
21 July 2024
Foreseen end date
21 July 2024
Description
State Joint Stock Company Latvijas dzelzceļš (LDz) will lay off 298 employees working in the cleaning of railway infrastructure premises and territories. The company explains that an evaluation of the cleaning process of railway infrastructure premises and territories has been carried out, analysing the cost-effectiveness. It was concluded that outsourcing this work is more cost-effective for the company compared to the current situation, where the work is carried out by LDz' employees.
The company has informed the affected employees of the decision, submitted a collective redundancy notice to the State Employment Agency, the relevant municipalities and the Latvian Railway and Transport Workers' Union. LDz has contacted the successful bidders for the outsourcing contracts, introducing them to the LDz staff who have performed this work so far, in order to consider the possibility of employing these staff for further cleaning of LDz railway infrastructure premises and areas.
SJSC Latvijas dzelzceļš is the holding company of the Concern Latvijas dzelzceļš. The Group consists of the parent company and seven subsidiaries, which provide both the function of a railway infrastructure manager for public use and a wide range of services in the railway sector. The average number of employees of SJSC Latvijas dzelzcels in 2023 was 3,945.
Sources
21 June 2024: Public Broadcasting of Latvia (www.lsm.lv)
Eurofound (2024), Latvijas dzelzceļš, Internal restructuring in Latvia, factsheet number 201338, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201338.
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