Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Itä-Suomi; Pohjois-Karjala
Location of affected unit(s)
Imatra
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.1 - Manufacture of basic iron and steel and of ferro-alloys

80 jobs
Number of planned job losses
Job loss
Announcement Date
23 September 2005
Employment effect (start)
Foreseen end date

Description

On 23 September 2005 the manufacturer of steel Ovako, started codetermination negotiations with the employees in order to cut alltogether 585 jobs in Sweden and in Finland of the total 4,600 vacancies. Some 80 employees will be made redundant from the Imatra unit, which has 650 employees.


Sources

  • 23 September 2005: Helsingin Sanomat

Citation

Eurofound (2005), Ovako, Internal restructuring in Finland, factsheet number 62293, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62293.