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Friday, 29.05.2015, 17:12
KVV Liepajas metalurgs will keep 290 employees, while the company's owners deny any rumors that the plant could cease production, reports LETA.
Keyword tags: Employment, Investments, Latvia, Legislation, Markets and Companies, Metals Market
Liepajas metalurgs investors so far have fulfilled all their payment obligations, said Finance Minister Janis Reirs (Unity) in an interview with the Latvian Television show "Rita panorama", reports LETA.
Layoffs at KVV Liepajas metalurgs are "clear extortion" by the company's owners, this according to the company's former shareholder Kirovs Lipmans in an interview with the LTV show "Rita panorama", reports LETA.
KVV Liepajas metalurgs has paid about EUR 100,000 to the company's laid-off workers, KVV Liepajas metalurgs board member Igor Kovalenko told LETA.
The high electricity tariffs caused by the mandatory procurement component (MPC) have become a problem for all business owners, and for a lot of them production in Latvia is becoming unprofitable, this according to Janis Vilnitis, owner of the joint-stock paper producer Liepajas papirs, in an interview with "Rietumu radio", cites LETA.
There are about 250 job vacancies in Liepaja at the moment in the industrial sector, thus those persons being laid off by KVV Liepajas metalurgs have options and the situation is not as hopeless as it seems, Liepaja Mayor Uldis Sesks told ''Rietumu radio'' today, cites LETA.
The Liepajas metalurgs insolvency administrator Haralds Velmers received EUR 1.03 million in remuneration in 2014, reports LETA, according to Firmas.lv.