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 (16 - 17) Manufacture of wood and paper materials 16.2 - Manufacture of products of wood, cork, straw and plaiting materials 16.21 - Manufacture of veneer sheets and wood-based panels
100 jobs Number of planned job creations
Announcement Date
27 November 2025
Employment effect (start)
27 November 2025
Foreseen end date
28 December 2025
Description
Verems, a plywood and birch-veneer manufacturer operating in the Rēzekne Special Economic Zone (RSEZ) in Latvia’s Latgale region, is creating at least 80–100 new jobs through the construction of a new manufacturing plant. According to the company, employment at Verems will increase by more than 25%: at the end of 2024 the company employed just over 300 people, while by the end of 2025 total headcount is expected to exceed 400 employees. Company representatives emphasise that the project also generates indirect employment by increasing demand for services, logistics, and materials from local suppliers in the surrounding region.
The employment growth is driven by an investment project exceeding EUR 100 million, making it the largest single industrial investment in Latgale and the biggest in Verems’ history. The project involves the construction of a new large-scale production facility for large-format birch plywood and has received approximately EUR 10 million in state support (less than 10% of the total investment). The new plant is expected to nearly double production capacity and improve efficiency through modern, resource-saving technologies. Verems’ products are primarily intended for export, serving markets such as shipbuilding, construction and industrial manufacturing across Europe.
Eurofound (2025), Verems, Business expansion in Latvia, factsheet number 203800, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203800.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
