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
111 jobs Number of planned job creations
Announcement Date
15 February 2007
Employment effect (start)
1 March 2007
Foreseen end date
31 March 2007
Description
Verems is a subsidiary company of JSC Latvijas Finieris which specializes in wood-processing (bent sized parts of furniture) and timber trading. The company was founded in 1996 and in the beginning it was a veneer material warehouse in Rezekne, but now it employs more than 800 people.
The company plans to hire 111 new employees – wood sorters, sparks, woodworking operators, locksmiths and other.
Sources
15 February 2007: www.nva.gov.lv
Citation
Eurofound (2007), Verems, Business expansion in Latvia, factsheet number 65039, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65039.
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