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 (24 - 25) Manufacture of metals 25.6 - Manufacture of cutlery, tools and general hardware 25.6 - Manufacture of cutlery, tools and general hardware
310 jobs Number of planned job losses
Announcement Date
5 February 2026
Employment effect (start)
5 February 2026
Foreseen end date
Description
Finnish manufacturer of scissors, axes, snow tools and gardening tools, Fiskars, has announced that it will cut approximately 310 jobs globally, including 30 in Finland.
The layoffs will affect its Vita business area. The restructuring is driven by the need to improve financial performance, simplify the organisational structure, and increase efficiency in selected production plants and distribution centres. More than half of the global reductions concern office roles, with the Finnish cuts specifically affecting office workers at the Espoo headquarters. The restructuring programme is negotiated with local trade unions. The Fiskars Group aims to achieve annual cost savings of €28 million through these changes, with the majority of savings realised by 2027.
The company employs over 6,800 people worldwide.
Updated, 11/02/2026:
It has been announced that Fiskars will cut 29 jobs at its subsidiary, Steklarna Rogaška, in Rogaška Slatini, Slovenia. The layoffs are part of a broader initiative by the parent company, Fiskars Group, to adjust production capacity. Since 2015, Steklarna Rogaška has been owned by the international Fiskars Group and specialises in producing high-quality crystalware.
Eurofound (2026), Fiskars, Internal restructuring in World, factsheet number 204159, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204159.
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