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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
150 jobs Number of planned job creations
Announcement Date
2 August 2005
Employment effect (start)
1 September 2005
Foreseen end date
Description
Baltic Timber Industry - a company with 100% United States stock capital - will produce glueboards only for the US market at the industrial park of Liepaja. The company has installed new US manufactured equipment and plans to employ 150 employees, including qualified wood processing specialists as well as machine operators and other low qualification workers. The company has just received the status of a free economic zone enterprise.
Eurofound (2005), Baltic Timber Industries, Business expansion in Latvia, factsheet number 62040, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62040.
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