bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 14.12.2018 | Name days: Gaisma, Auseklis
LatviaLatvia

Insolvent Tosmare Shipyard plans to lay off workers

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUTosmare Shipyard, which has been declared insolvent recently, has plans to lay off workers, as reported by LTV.

TV Kurzeme managed to contact the company’s chairman Aleksandrs Vaļums. Unfortunately, he did not provide any comments on this matter. Insolvency administrator Ivars Meļķis, on the other hand, said the company’s legal protection plan was declined because it was submitted too late. Right now the main objective is assessing the company’s financial state and reducing costs, which is planned to do by means of lay-offs.

«Looking at our closest orders and which specialists are needed to complete them, we will plan out lay-offs accordingly,» Meļķis told LTV, adding that less-important employees could be fired in the near future. «Still, it does not exclude the possibility of them being hired back after some time,» he added.

According to information from the State Employment Agency, Tosmare Shipyard has around 160 employees. So far SEA has not received a report from this company regarding a large-scale lay-off plan, nor has the agency been able to contact the company’s management. «No one answered any of the calls we have made using the phone numbers available to us. With that, we are unable to comment on what happens at the company and what they plan to do in the future,» SEA Liepaja Office manager Dace Baimane told LTV.

Currently SEA in Liepaja offers 700 vacancies. Approximately 100 of them are associated with metallurgy and ship-building, LTV reports.

On 9 August, Kurzeme District Court declared AS Tosmare Shipyard insolvent. Ivars Meļķis was appointed as the company’s insolvency administrator.

The request for insolvency was submitted by SIA Smare.

Smare representative, lawyer Ēriks Štālbergs said Tosmare Shipyard’s debt to his represented company is EUR 21,557. At the same time, he added that Smare has multiple associated companies, but only one of them has submitted a plea to the court. The total debt Tosmare Shipyard has before associated companies is around EUR 90,000.

«Tosmare Shipyard was agonizing throughout last autumn and winter. The company has nearly no employees left. All the work is performed by sub-contractors. And the company is left indebted to them. Several companies have already turned to us. So far, however, we have been able to reach an agreement with Tosmare Shipyard regarding debt repayment schedule. This time, unfortunately, we’ve not been able to reach an agreement. This is likely because Tosmare Shipyard has no funds left,» said Štālbergs, adding that Tosmare Shipyard did try to reach an agreement with Smari, but shortly before the court session it had transferred EUR 1,000 to the account of its creditor.

In the statement to Nasdaq Riga, the company’s representatives mentioned that the day before declaration of insolvency, 9 August, Tosmare Shipyard submitted a request for legal protection to Kurzeme District Court.

«Considering Kurzeme District Court’s decision, Tosmare Shipyard actively cooperates with the administrator so that the court would agree to commence legal protection process with his approval. Legal protection is a procedure that gives debtors in financial troubles an opportunity to restore their solvency by using means and methods detailed in the Insolvency Law,» as mentioned in the statement.

As previously reported, Tosmare Shipyard was applied with a prohibition of commercial pledge registration, renewal and change in the Commercial Pledge Registry of the Register of Enterprises of the Republic of Latvia in accordance with the 12 June 2018 decision of the Tax Enforcement Office. According to data from the State Revenue Service, Tosmare Shipyard’s total tax debt was EUR 398,652 as of 7 July.


Leave a reply

Experts: fiscal consolidation is unavoidable next year

The new government will have to perform fiscal consolidation when compiling the state budget for 2019. This opinion was sent to the Saeima and Cabinet of Ministers by the Fiscal Discipline Council in relation to the 13th Saeima’s approval of amendments for the Healthcare Law that provide for a 20% wage increase for doctors starting next.

Ventspils opposition: the Constitution stands above municipality’s opinions on city governance

«For us to work to our full capacity, we require information and stay in the loop. If the work of the city council was organized during meetings of the city council and committees, we would have this opportunity. But because the work of the city council is put under other institutions – committees, in this case – and we [majority of opposition deputies] are not allowed to participate in those meetings and receive documents, this means our rights as deputies and voters are being limited. This, we believe, is the most important aspect to be breached,» said Ventspils City Council opposition deputy Aivis Landmanis said during a hearing of the Administrative Court in Liepaja in regards to Ventspils City Council’s refusal to adopt proportionality principles in committees and other structures.

EU offers Britons clarification, but no renegotiation of Brexit deal

European Union member state leaders and the blocs top officials have stated at a summit with British Prime Minister Theresa May, that the Brexit withdrawal agreement that lacks clear support in UK parliament was not open for renegotiation.

Estonia raises minimum wage

The minimum monthly wage in Estonia has been approved at the level of 540 euros, which is an increase from 500 euros.

This year e-signature was used to sign more than 5.7 million documents in Latvia

This year, e-signature was used more than half a million times a month in Latvia. A total of 5.7 million documents have been signed using this function in Latvia so far. More than 25,000 now use e-signature function on their smart-phones.

Trump distances himself from crimes committed by his lawyer

Reacting to the conviction of American lawyer Michael Cohen over campaign funding violations, U.S. President Donald Trump has distanced himself from the lawyer and accused him of attempts to embarrass Trump.

New Unity starts consultations with parties on forming government with Kariņš in charge

New Unity will insist on getting Finance Ministry in the new government, because it is only logical to have this ministry managed by the prime minister’s party, says NU representative and Saeima deputy Ojārs Ēriks Kalniņš.

Strasbourg terrorist «neutralised» after opening fire on police

The attacker suspected of killing two people and injuring 12 more people at a Strasbourg Christmas market has been shot dead by French police.

Next week in Latvia to start off with snowfall

The end of the week is not expected to have any major weather changes in Latvia, whereas next week will start off with snowfall and gradual decline of air temperature, promises Latvian Environment, Geology and Meteorology Centre.

Court arrests Harmony sponsor and Honour to Serve Riga party member

Riga City Vidzeme District Court issued an arrest to businessman Aleksandrs Krjačeks on Thurday, 13 December. He was previously detained by Corruption Prevention and Combating Bureau in the criminal case regarding procurements organized by SIA Rīgas satiksme, as confirmed by the man’s lawyer Valdis Ulmanis.

Saeima: increase of doctors’ wages should be a government priority

When preparing the budget plan for the next three years, the government should allocate money for the 20% increase of doctors’ wages. This is provided by changes to Healthcare Financing Law, approved by the Saeima in two readings on Thursday, 13 December.

airBaltic to perform more flights between Riga and Liepaja

During a visit today in Liepaja CEO of Latvian airline airBaltic Martin Gauss announced that airBaltic will increase the number of domestic flights between Riga and Liepaja from three to five weekly as of summer season 2019.

Court arrests Škoda commercial director; CPCB request arrests for two more people

Latvian court has arrested Škoda commercial director Vladislav Kozak following a request from Corruption Prevention and Combating Bureau in relation to the criminal case regarding procurements performed by Rīgas satiksme.

EY: investments in crypto currency offers have largely failed

86% of 141 initial crypto currency offers presented last year have lost value over the course of the first eight months of this year. Additionally 30% of them have lost nearly all of their value, according to Initial Coin Offerings study by EY.

Estonian criminal figure convicted in Ireland

A court in Ireland has convicted Estonian criminal figure Imre Arakas, finding him guilting of conspiracy to murder.

As income increase, housing becomes more accessible in all Baltic capitals

Housing Accessibility Index improved in all Baltic capitals in Q3 2018. The main factor for this was the growth of average net salaries. Additionally, beneficial economic development also improved households’ interest for housing acquisition, which was reflected both in increased activity on the apartment market and household loan portfolio growth.

Lithuanian PM suspects Kremlin-backed opposition behind teacher attacks

The nearer municipal council, presidential and EP elections, the more sparkles Lithuania’s political leadership spews out. With the linguistic weaponry exhausted in the Seimas, the party leaders seek help from intelligence services.

EP proposes stricter monitoring of militants returning to Europe to combat terrorism better

The European Parliament has presented proposals for better measures against radicalization, better data exchange and support of victims of terrorism, as well as several other proposals for European Union’s strategy for terrorism prevention.

Latvian media organizations found Media Ethics Council

On Wednesday, 12 December, Latvian Media Ethics Council was founded. It is a public organization meant to unite media organizations and legal persons associated with the media sector and supervise compliance with the council’s statutes and code of ethics, the council explains.

U.S. President's former lawyer sentenced to prison

The former personal attorney of U.S. President Donald Trump has been handed a prison sentence for violations of the rules of election campaign. A New York court has sentenced Michael Cohen to three years in federal prison.

Latvian parties hear New Unity leader’s offer; opinions on coalition still differ

Political parties in Latvia are prepared to listen to New Unity and its prime minister candidate Krišjāņis Kariņš’s initiative in the government formation process.

British PM stays after no-confidence vote, attends EU summit

British Prime Minister Theresa May has survived a no-confidence vote in her ruling Conservative Party and on Thursday attends a summit of the European Union.

European Parliament ratifies EU-Japan Economic Partnership Agreement

On Wednesday, 12 December, gave green light for EU-Japan Economic Partnership Agreement, which is EU’s all-time largest mutual trade agreement.

Businessman Māris Martinsons brought to court. What will the court decide?

Businessman Māris Martinsons has been brought to testify in court. As it is known, he was detained by Corruption Prevention and Combating Bureau on 11 December.

Employers become more open to 3rd level pension contributions

Employers in Latvia have begun making more active contributions to 3rd level pension plans. Residents’ interest towards crating pension savings continues growing, too. Compared to the period of last year, the size of contributions to private pension funds has increased 10% in the first nine months of 2018.