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.
On 8 August 2005, the producer of electrical apparatus, PKC group, informed that it is to start cooperation negotiations with its personnel in order to cut 230 jobs in the Kempele and Raahe units. The job cuts are carried out due to the company plans to move its production mainly to low cost countries. On 19 August 2005, PKC group gave further details on the finished codetermination negotiations. As a result of the negotiations, 180 employees will be made redundant. Other restructuring measures concern redeployement, change of task and ending of fixed term contracts.
Eurofound (2005), PKC group, Offshoring/Delocalisation in Finland, factsheet number 62070, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62070.