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
190 jobs Number of planned job losses
Announcement Date
25 October 2007
Employment effect (start)
4 November 2007
Foreseen end date
Description
Pajurio Mediena, a Lithuanian wood processing company that operates in Klaipeda, has announced that it is to dismiss 190 at its Klaipeda site. The firm, which employees 227 at the site, will close its wood processing division at the plant. The dismissals are due to be implemented from 4th November 2007, and the company has stated that the dismissals are due to a shortage of raw materials. The company’s wood processing equipment will also be sold to Russian wood processing companies.
Sources
25 October 2007: Lietuvos Rytas
Citation
Eurofound (2007), Pajurio Mediena, Internal restructuring in Lithuania, factsheet number 65974, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65974.
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