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 Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
New offshoring locations
Sweden
60 jobs Number of planned job losses
Announcement Date
14 March 2011
Employment effect (start)
Foreseen end date
31 December 2011
Description
Componenta, a Finnish metalworking company, is to move its machine shop operations from Pietarsaari (Jakobstad) to Sweden and lay off 60 workers.
Componenta originally announced possible lay-offs of up to 120 workers from both its machine shop and foundry. It cited poor profitability of the unit as the reason for the redundancies. The company started mandatory negotiations with employee representatives regarding the proposed cuts in February. After negotiations, it decided to move the machine shop to Främmestad (Sweden) resulting in up to 60 redundancies.
Employee representative described worker reactions as a "complete shock," and workers organised a two-day walk-out in February. Director of the local economic development office stated that other metalworking jobs cannot readily be found for all redundant workers of Componenta.
Sources
14 March 2011: Helsingin Sanomat
25 January 2011: YLE Internet News
14 March 2011: YLE Internet News
Citation
Eurofound (2011), Componenta, Offshoring/Delocalisation in Finland, factsheet number 71552, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71552.
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