Daugavpils faces mass layoffs / Article - LSM
Article excerpt
A subsidiary of “Latvian Railways,” the freight carrier “LDZ Cargo,” will begin staff reductions in the city, while the international digital services company “Concentrix,” formerly known as “WebHelp,” will completely cease operations in Daugavpils. The city’s mayor calls this a tragedy. In May, the unemployment rate in Daugavpils reached 6%. A total of 2,480 people were registered as unemployed. The latest news is even less encouraging, as the ranks of the unemployed will only grow. Citing trade secrets, the State Employment Agency refused to tell Latvian Public Media (LSM) whether it had received any notifications of mass layoffs. However, layoffs are coming, and they will affect two companies at once. The first of these is the state-owned company “LDZ Cargo,” which is engaged in rail freight transport. The volume of freight continues to decline – in the first quarter of this year, it fell by 18%. The company has confirmed the layoffs. “We confirm that ‘LDZ Cargo’ has decided to initiate a collective layoff process in 2026, reducing the number of employees, with plans to begin on August 1 of this year. “LDZ Cargo” is aware that this is a socially very sensitive and complex process, especially in regions where the company has historically played a significant role in employment,” the company stated. The reasons for the layoffs include the geopolitical situation, sanctions...
Keep reading with a free account
The rest of this article, and every signal for Concentrix, is in your free account.
Extracted from this sentence
More than 100 employees will lose their jobs at the company.
