EMCC European Monitoring Centre on Change

Yara Lietuva

Company/Organisation:
Yara Lietuva

Geographic Location

Country: Lithuania
Region: Kauno apskritis; Lietuva
Location of affected unit(s): Kedainiai

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
Number Employed: 140
Group: Yara International

Employment Effects

Announcement Date: 02-12-2008
Planned Job Reductions min: 140
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-12-2008

Additional Information

Chemical company Yara Lietuva suspended its production activities on 1 December 2008. The company has announced the closure of its plant in Kedainiai with the loss 140 jobs. The main reason for the closure of the plant is decreased demand for the company’s products.

Yara Lietuva belongs to the Yara International group, which is one of the largest suppliers of mineral fertilizers in the world.