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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.2 - Construction of residential and non-residential buildings
265 jobs Number of planned job losses
Announcement Date
30 September 2013
Employment effect (start)
1 October 2013
Foreseen end date
30 April 2014
Description
Construction company Lemminkäinen has announced redundancies of up to 265 persons in Finland. The company has concluded mandatory negotiations with employee representatives on the cuts.
Lemminkäinen, engaged in both building and infrastructure construction, has approx. 4,800 employees in Finland. In August 2013 the company announced plans to save up to 30 million euros and cut 500 jobs worldwide. Part of the global restructuring plan is now implemented in Finland.
The company foresees dismissals, retirements, non renewal of fixed-term contacts as well as teporary lay-offs, as means to achieve the cuts by the end of April 2014.
Eurofound (2013), Lemminkäinen, Internal restructuring in Finland, factsheet number 75934, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75934.
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