Maximus
Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Hundreds to lose jobs after automotive factory announces closure

Aug 07, 2014
From wire reports, TALLINN

Hundreds to lose jobs after automotive factory announces closure
(photo: delfi.ee)

Hundreds of people are set to lose their jobs in Estonia after an automotive industry factory announced they would be closing later this year.

PKC Group, one of Estonia's biggest exporters  of automotive wiring systems , announced it will close its factory in Haapsalu by the end of the year, Postimees Online reports.

PKC Eesti board chairman Lauti Rohtoja explained how changes in purchase behavior were reasons behind the closure.

However, PKC Eesti continues to operate in its factory in Keila, in the vicinity of Tallinn. Up to 120 people will be offered jobs in Keila as part of restructuring plans. The Keila plant currently employs 826 peoples. 59 will lose their jobs in the factory.

"I think we have a good social system and some work is offered in Haapsalu, so we will overcome it, but this is very bad news," said Mayor of Haapsalu Urmas Sukles.

There are around 4,700 tax payers in the resort town, thus PKC's employees form around 7% of tax revenue.

PKC Eesti is part of international PKC Group and is one of the most important exporters on Estonia. The company currently employees 1,173 people in Estonia in the Keila and Haapsalu plants.

 MORE NEWS
  • VIDEO: KGB, Torture and Soviet...
    A new NATO video looks inside the KGB prison where Latvians were locked up, tortur...
  • Top travel site names Lithuani...
    Lithuania has been named a top travel destination in 2015 by leading travel websit...
  • Baltic leaders set for top rol...
    The European Parliament on Wednesday voted in favor of Jean-Claude Juncker's n...
  • Estonia pioneers e-residence s...
    Estonia will issue identity cards allowing access to its digital services to pe...
  • EU upholds sanctions against R...
    The EU has agreed to furthering sanctions against Russia amid the crisis in the...
  • Latvia lingerie firm opens fir...
    A Latvian lingerie firm has opened a store in the most unlikely of countries......
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.