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 Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
110 jobs Number of planned job creations
Announcement Date
4 October 2005
Employment effect (start)
1 November 2005
Foreseen end date
31 December 2005
Description
Laivitės žuvis, a Lithuanian fish processing company was scheduled to open in September 2005, but due to long procedures necessary to receive refund from the SAPARD, the company is still not operating. Laivitės žuvis is a daughter enterprise of ship repairing and construction company Laivitė. Now the plant is set and all necessary equipment is installed. The administration of Laivitės žuvis is anticipating the receipt of EU funds in the short run. The money is needed to buy some additional equipment and to hire employees (120 in total).
Sources
4 October 2005: Verslo zinios
Citation
Eurofound (2005), Laivitės uvis, Business expansion in Lithuania, factsheet number 62383, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62383.
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