EMCC European Monitoring Centre on Change

Yazaki Wiring Technologies Lietuva

Company/Organisation:
Yazaki Wiring Technologies Lietuva

Geographic Location

Country: Lithuania
Region: Klaipedos apskritis; Lietuva
Location of affected unit(s): Klaipeda

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Number Employed: 500
Group: Yazaki

Employment Effects

Announcement Date: 02-02-2009
Planned Job Reductions min: 150
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2009
Direct Dismissals: 150

Additional Information

One of the biggest companies in Klaipėda, Yazaki Wiring Technologies Lietuva, plans to cut 150 jobs by the end of the year 2009.

The company, which placed its hopes for a recovery on producing wiring trucks for Volvo, is now planning a drastic cut in its production and further dismissals.The sales of the company dropped by 33% to 50 million LTL in 2008. The management of the company anticipates a further decline to 20 million LTL in 2009.

Yazaki Wiring Technologies Lietuva has already slashed its workforce to 500 people, down from 950 in October, 2008.