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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
120 - 180 jobs Number of planned job losses
Announcement Date
28 November 2003
Employment effect (start)
Foreseen end date
Description
In an effort to improve efficiency and flexibility, Microcell has announced its plan to close its facilities in Espoo and Turku, Finland. The company wants to consolidate its Finnish operations to its facilities in Oulu and Kuopio. Microcell has initiated cooperation negotiations with its personnel regarding this plan.
According to the company, the announcement is part of a broader efficiency initiative that was introduced internally earlier this year.
The restructuring is expected to create 120 - 180 redundancies.
Sources
28 November 2003: Helsingin Sanomat
Citation
Eurofound (2003), Microcell, Internal restructuring in Finland, factsheet number 59758, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59758.
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