Restructuring events
European Restructuring Monitor (ERM)
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.
Efore has decided to start cooperation talks with its personnel in order to cut jobs. The company is aiming to relocate the majority of its functions to China and Estonia. On 24 May 2005, Efore informed of completed cooperation negotations. As a result of the round a total of 98 employees will be made redundant. The redundancies will take place in phases by the end of 2005. As a consequence of these personnel reductions, most of Efore's production at Saarijärvi will be transferred to the factories in Estonia and China.
Eurofound (2005), Efore Oy, Offshoring/Delocalisation in Finland, factsheet number 61351, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61351.