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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41 - Construction of buildings
300 jobs Number of planned job losses
Announcement Date
26 November 2008
Employment effect (start)
Foreseen end date
1 June 2009
Description
The Swedish construction and property development company NCC is cutting 300 jobs in Finland. The job losses are attributed to the financial crisis and the recession which has considerably weakened the housing market. According to NCC, the company is cutting 100 clerical jobs and some 200 other jobs.
Negotiations with trade unions are expected to be finished by the end of the year 2008 and restructuring measures are to be implemented in the first half of 2009.
NCC employs some 3,000 workers in Finland.
Sources
27 November 2008: www.tekniikkatalous.fi
Citation
Eurofound (2008), NCC, Internal restructuring in Finland, factsheet number 68240, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68240.
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