Ogres Jarns

Type
Internal restructuring
Country
Latvia
Region
Latvija; Latvija; Vidzeme
Location of affected unit(s)
Ogre
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13 - Manufacture of textiles
13 - Manufacture of textiles
325 jobs
Number of planned job losses
Job loss
Announcement Date
18 July 2008
Employment effect (start)
18 July 2008
Foreseen end date
18 July 2008

Description

The wool manufacturer Ogres Jarns has suspended manufacturing and dismissed all 325 workers. Einars Vaivods, the member of the board of the enterprise said to news agencies that rising energy prices has had a catastrophic effect on costs of production. The company awaits the announcement of new gas tariffs (planned on 1 September 2008) before making further decisions on whether manufacturing activity can be recommenced.

Sources

  • 19 July 2008: Diena
  • 18 July 2008: www.diena.lv

Citation

Eurofound (2008), Ogres Jarns, Internal restructuring in Latvia, factsheet number 66879, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66879.