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 27.32 - Manufacture of other electronic and electric wires and cables
120 jobs Number of planned job creations
Announcement Date
16 April 2012
Employment effect (start)
Foreseen end date
16 April 2012
Description
Axon Cable, a manufacturer of custom designed interconnect solutions, opened the new plastic moulding workshop in Daugavpils and created 120 new jobs.
Axon Cable operates in Latvia already for 12 years. The assembly of harnesses and connectors is carried out in Axon Cable facility in Latvia. More than 80% of the total amount of products manufactured are exported, 5% of the manufactured products are exported to the Baltic countries, Russia, and Poland.
Sources
13 April 2012: baltic-course.com
16 April 2012: db.lv
16 April 2012: Бизнес&Балтия
Citation
Eurofound (2012), Axon Cable, Business expansion in Latvia, factsheet number 73538, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73538.
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