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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13 - Manufacture of textiles
New offshoring locations
North Macedonia, Vietnam
97 - 105 jobs Number of planned job losses
Announcement Date
20 June 2007
Employment effect (start)
29 June 2007
Foreseen end date
31 August 2007
Description
KLLT is the textile manufacturer operating in Jelgava. The owners of the enterprise from Hong Kong have decided to close the enterprise due to the lack of workforce in the region, and therefore are facing the inability to comply with all the orders. The production units will now be moved to Macedonia and Vietnam. Other enterprises operating in the sector have shown interest of KLLT’s employees. The closure is planned to be finished by the end of august.
Sources
10 May 2007: www.delfi.lv
8 May 2007: www.jelgavniekiem.lv
20 June 2007: www.nva.gov.lv
Citation
Eurofound (2007), KLLT, Offshoring/Delocalisation in Latvia, factsheet number 65541, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65541.
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