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.
Manufacturing (24 - 25) Manufacture of metals 24.5 - Casting of metals 24.52 - Casting of steel
110 jobs Number of planned job losses
Announcement Date
19 February 2010
Employment effect (start)
7 May 2010
Foreseen end date
7 May 2010
Description
On 19 February steel company Ruukki profiles in Mo i Rana announced that they would close business in Rana until further notice. 110 people stand to loose their jobs in May as a result. The Finnish steel giant are ending production as the market for steel vessels has collapsed.
Eurofound (2010), Ruukki profiler i Mo i Rana, Closure in Norway, factsheet number 70524, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70524.