Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Pohjois-Suomi;
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Water Transport
50 - Water transport

253 jobs
Number of planned job losses
Job loss
Announcement Date
20 June 2005
Employment effect (start)
Foreseen end date

Description

On 20 June 2005, the sea transport operator Steveco, informed it is to start cooperation negotiations with the whole personnel in order to cut its labour force by 300 employees. The cuts are carried out due to the weakening profitability.

On 31 August 2005 the company announced that 253 jobs will be lost.


Sources

  • 21 June 2005: Helsingin Sanomat
  • 1 September 2005: Helsingin Sanomat

Citation

Eurofound (2005), Steveco, Internal restructuring in Finland, factsheet number 61777, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61777.