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 24.5 - Casting of metals
550 jobs Number of planned job losses
Announcement Date
18 October 2012
Employment effect (start)
Foreseen end date
Description
Componenta, Finnish company specialized in casting solutions, introduced its cost saving plan for the next two years: 550 jobs will be cut.
According to news reports, these cost saving measures have become necessary due to the continuous uncertainty of the global and European economy, which has led to a significant decrease in demand in the company’s customer industries.
The company has plants located in Finland, Turkey, the Netherlands and Sweden.
Sources
18 October 2012: Componenta
Citation
Eurofound (2012), Componenta, Internal restructuring in World, factsheet number 74468, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74468.
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