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 Basic Metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys
230 - 250 jobs Number of planned job losses
Announcement Date
27 September 2012
Employment effect (start)
Foreseen end date
Description
Metal manufacturer Rautaruukki has announced up to 250 redundancies in the departments of metal production, as well as marketing and communications. The company has started negotiations with employee representatives on the cuts.
Those most affected by Rautaruukki's redundancies are the plants in Hämeenlinna and Raahe, which belong to Ruukki Metals steel-producing company. There, 160 production and 70 office personnel may be dismissed. In addition, up to 20 positions may be lost in marketing and communications in different locations (Finland and other countries). The company wants to reach annual savings of 10 million Euro.
Sources
27 September 2012: Rautaruukki press release
27 September 2012: Helsingin Sanomat
Citation
Eurofound (2012), Rautaruukki, Internal restructuring in Finland, factsheet number 74330, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74330.
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