Latvia -Metallurgical company in trouble -April 17, 2013

Metallurgical company Liepajas metalurgs seems to be on the verge of insolvency due to insufficient current assets. The company is working on the optimisation of production and administration costs and reviewing the work schedule. Approximately 150 out of 2,300 workers could be laid off, along with salary cuts being introduced.   

English: http://www.baltictimes.com/news/articles/32826/

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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