The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture Of Fabricated Metal Products, Except Machinery And Equipment
No information on job gains number available
Announcement Date
15 February 2016
Employment effect (start)
Foreseen end date
Description
Sandvik is a Finnish company involved in the production of tools and machinery. In a statement on the official website the company stated that it intends to concentrate its activities in the Tampere site, and planned to close the Turku plant. The unusual source regarding a backshoring from China to Finland does not provide further details regarding the company's motivation for the move, or potential effects on employment.
Eurofound (2016), Sandvik, Reshoring in Finland, factsheet number 190, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/190.
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