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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Waste Collection, Treatment And Disposal Activities; Materials Recovery 38 - Waste collection, treatment and disposal activities; materials recovery
85 jobs Number of planned job losses
Announcement Date
15 October 2012
Employment effect (start)
Foreseen end date
Description
Kuusakoski, a company specialising in metal recycling, has announced redundancies of up to 85 employees from its locations in Finland. The company has started negotiations with employee representatives.
Kuusakoski operates in about 20 locations in Finland, where it has approximately 650 employees. It is part of Kuusakoski Group, which also includes foundry operations and has over 3,000 employees worldwide. The announced redundancies may affect all Finnish locations. The company cites economic downturn and declining prices of metal as reasons for the cuts.
Sources
15 October 2012: Kuusakoski press release
17 October 2012: YLE News
15 October 2012: Taloussanomat
Citation
Eurofound (2012), Kuusakoski, Internal restructuring in Finland, factsheet number 74343, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74343.
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