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.
The electronics manufacturing services company Incap will initiate personnel negotiations with a maximum of 130 employees in its Vuokatti unit in Sotkamo. The Vuokatti unit currently employs 233 people. The negotiations concern the possible restructuring of the unit and the eventual respective measures that will result in temporary layoffs, the change of employment contracts to part-time contracts as well as the termination of employment contracts on the basis of production and financial grounds. Incap's objective is to ensure and increase its competitive edge by enhanced division of roles between its different manufacturing units. The Vuokatti unit will be developed to focus especially on the manufacture of prototypes, the ramp-up of new products and the demanding testing and after-sales services. Incap plans to centralise actual volume manufacturing and labour-intensive production at its unit in Kuressaare, Estonia.
Eurofound (2006), Incap Electronics, Offshoring/Delocalisation in Finland, factsheet number 63493, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63493.