Type
Internal restructuring
Country
Finland
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products

200 jobs
Number of planned job losses
Job loss
Announcement Date
8 August 2003
Employment effect (start)
Foreseen end date
1 December 2005

Description

Fazer Bakery has started co-operation talks in order to cut about 200 jobs. The company motivates the need for redundancies by: big investments in production tehcnology decrease the need of labour force; increased competition due to import; restructuring of retail sale.


Sources

  • 9 August 2003: Helsingin Sanomat

Citation

Eurofound (2003), Fazer Bakery, Internal restructuring in Finland, factsheet number 59001, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59001.