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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.9 - Manufacture of other textiles
250 jobs Number of planned job creations
Announcement Date
16 September 2005
Employment effect (start)
16 September 2005
Foreseen end date
16 September 2005
Description
Wendre is one of the largest domestic textile product manufacturers in the Northern Europe. In 2005, the company with its 550 employees is one of the largest employers in Pärnu county. It has production units in Vändra and Võhma and in mid-September 2005, opened a new factory in Pärnu. The companys investments into new factory were 300 million kroons and new production unit is employing 250 workers. The company makes quilts, pillows and foam products. In 2006, Wendre is planning to produce 7 million quilts and 10 million pillows. Companys turnover in 2004 was 420 million kroons and profit 54.6 million kroons. More than 90% of the company's products are exported into the Northern and Western Europe, but also into the United States and Asia.
Sources
19 September 2005: Postimees
16 September 2005: Aripaev
Citation
Eurofound (2005), Wendre, Business expansion in Estonia, factsheet number 62279, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62279.
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