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
600 jobs Number of planned job losses
Announcement Date
8 March 2006
Employment effect (start)
15 May 2006
Foreseen end date
15 July 2006
Description
According to the Lithuanian Labout Exchange (the country's employment office associated to the Ministry of Social Security and Labour), Klaipedos mediena, one of the largest manufacturers of wood and wooden products in Lithuania, intends to dismiss 600 employees. The company is undergoing internal restructuring, trying to improve on its low technological capacity (old machinery and buildings). The Local Labour Exchange has started a support programme and more than 300 of the dismissed workers will find work in other companies in Klaipeda.
Sources
8 March 2006: Lithuanian Labour Exchange (www.ldb.lt)
Citation
Eurofound (2006), Klaipedos mediena, Internal restructuring in Lithuania, factsheet number 63225, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63225.
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