Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2007), KLLT, Offshoring/Delocalisation in Latvia, factsheet number 65541, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65541.