Conditions set for metals firm

  • 2013-04-24
  • From wire reports
RIGA - Primary production of the financially-troubled metallurgical company Liepajas metalurgs (LM) has been halted since April 19 and the company is currently in the process of laying off workers, according to the company’s announcement at the NASDAQ OMX Riga stock exchange, reports LM’s primary production has been suspended due to the situation on the European metallurgical market and the absence of current assets – no liquidity. LM workers are currently doing equipment maintenance and repair work.LM’s board has approved a plan for optimizing the...
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