Eurotrack

Latvia

25 entries · All entries related to Latvia, newest first.

Growth 8Transformation 11Decline 4Under construction & planned 2

Key figures

+350new jobs announcedfrom 2 reports · since Sep 20250.4 per 1,000 in the labour force
1,600affected by layoffs and closuresfrom 4 reports · since Jul 20261.7 per 1,000 in the labour force

Largest expansions

  1. Wolfram Europa builds explosives and ammunition plant near Jēkabpils+200 New jobs ·
  2. Rheinmetall to build €275m ammunition plant near Riga, 150 jobs+150 New jobs ·

Largest job cuts

  1. airBaltic to cut up to 700 jobs in the Baltics700 Affected staff ·
  2. Swedbank to cut around 500 jobs group-wide, 100 in the Baltics500 Affected staff ·
  3. LDz Cargo to cut 300 jobs at Latvia's rail freight arm300 Affected staff ·

Sectors

SectorEntriesNew jobsAffected staff
Defence3+350—
Logistics3—300
Banking2—500
Forestry2——
Aviation1—700

Follow-up

Followed up: 1 of 1 announcements older than six months.
All outcomes and relocations →

Open cases

Sums of the reports recorded in the tracker since recording began, not a complete picture of the labour market.

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2026

2025

2027 · planned

2028 · planned