Nokian Tyres

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Nokia
Sector
Manufacturing
Manufacture of rubber, plastic and non-metallic minerals
Manufacture of rubber and plastic products
22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
100 jobs
Number of planned job losses
Job loss
Announcement Date
21 November 2005
Employment effect (start)
Foreseen end date

Description

On 21 November 2005 the manufacturer of tyres Nokian Tyres started codetermination negotations with the personnel in order to make 100 employees redundant and put the whole personnel of the Nokia unit off work for four weeks. According to management, the restructuring is carried out due to the high production costs and a working time shorter than competitor's.

Sources

  • 21 November 2005: Helsingin Sanomat

Citation

Eurofound (2005), Nokian Tyres, Internal restructuring in Finland, factsheet number 62533, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62533.