EMCC European Monitoring Centre on Change

Žaņa Lagzdiņa maizes fabrika

Company/Organisation:
Žaņa Lagzdiņa maizes fabrika

Geographic Location

Country: Latvia
Region: Riga; Latvija
Location of affected unit(s): Riga

Company

Sector: Manufacturing
Manufacture of food products, beverages and tobacco products
10 - Manufacture of food products
Number Employed: 100

Employment Effects

Announcement Date: 18-04-2006
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 13-04-2006
Foreseen End Date: 13-04-2006
Direct Dismissals: 100

Additional Information

Žaņa Lagzdiņa maizes fabrika, one of the oldest bread producers in Latvia, was closed last week. The reasons given were fast increase of production costs on one side and pressure from supermarkets on the other side. The owner of the enterprise was optimistic about the fate of his former employees: "There is a big interest in available employees from other bread producers".