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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
100 jobs Number of planned job losses
Announcement Date
13 October 2011
Employment effect (start)
Foreseen end date
Description
Hollming Works, a Finnish manufacturer of heavy and medium-heavy machinery, has announced plans to lay off up to 100 employees from four locations. Hollming Works has started negotiations with employee representatives on the proposed cuts.
Layoffs are expected in Kankaanpää, Loviisa, Parkano, and Pori, which together employ about 500 people. One unit, in Rauma, is excluded from the lay-offs. The company cites unsatisfactory profitability as the reason for the redundancies and does not expect a turn for the better in the near future.
Sources
13 October 2011: Satakunnan Kansa
13 October 2011: YLE Internet News
Citation
Eurofound (2011), Hollming Works, Internal restructuring in Finland, factsheet number 72575, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72575.
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