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 For Transport Equipment Manufacture Of Other Transport Equipment 30.3 - Manufacture Of Air And Spacecraft And Related Machinery
1,000 jobs Number of planned job creations
Announcement Date
2 October 2017
Employment effect (start)
Foreseen end date
Description
Atlas Dynamics is a Latvian technological company creating top tier drone based solutions. The founder of the company explains that the company wants to move production from China to Latvia as he found it is difficult to work in China and tell Chinese workers what is wrong. The company plans to build a plant in Riga (Latvia) and gradually move production lines from China back to Latvia. This new plant will employ around 1,000 people. In 2017, 5,000 drones will be made in China while at least 40 drones will be made in Latvia monthly. The company is not sure it will be able to find enough skilled people to work in its factory as there seems to be a shortage of skilled employees in Latvia. People employed in the production plant in Latvia are currently coming from abroad.
Eurofound (2017), Atlas Dynamics, Reshoring in Latvia, factsheet number 99, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99.
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