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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
300 jobs Number of planned job creations
Announcement Date
25 November 2005
Employment effect (start)
2 January 2006
Foreseen end date
1 January 2007
Description
AKG Thermotechnik Lettland, the subsidiary of the AKG Gruppe is opening a new manufacturing unit in Jelgava, Latvia. The new factory will produce high-quality heat exchangers for the leading models in the automobile industry. Detlef Reinsberg, the director of AKG Gruppe says that the new factory will employ up to 150 people in 2006, and the number will increase to 300 workers by 2007. The company will mainly employ local workforce.
Sources
25 November 2005: www.tvnet.lv
Citation
Eurofound (2005), AKG Thermotechnik Lettland, Business expansion in Latvia, factsheet number 62563, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62563.
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