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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
100 jobs Number of planned job losses
Announcement Date
14 October 2008
Employment effect (start)
1 September 2008
Foreseen end date
14 October 2008
Description
One of the biggest companies in Klaipėda, Yazaki Wiring Technologies Lietuva, producing wires for Renault, is experiencing some difficulties because of decreased orders of production. The company employs 950 employees and most of them work every second week at the moment. Decreased demand for production caused the loss of 100 employees during the months of September and October, 2008. According to the administration, employees haven’t been directly dismissed but they left the company under mutual agreement.
Sources
14 October 2008: Verslo zinios
Citation
Eurofound (2008), Yazaki Wiring Technologies Lietuva, Internal restructuring in Lithuania, factsheet number 67266, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67266.
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