Nordkalk

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Lappeenranta, Lohja, Pargas (Parainen)
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.7 - Cutting, shaping and finishing of stone
23.7 - Cutting, shaping and finishing of stone
53 jobs
Number of planned job losses
Job loss
Announcement Date
29 October 2013
Employment effect (start)
1 November 2013
Foreseen end date
30 June 2014

Description

Nordkalk is to make 53 workers redundant in Finland by the end of June 2014. According to the company, most cuts will be achieved through early retirements. Redundancies are mostly to affect the sites at Lappeenranta (27 redundancies), Pargas (17) and Lohja (7).

The restructuring is due to sluggish demand, particularly in the construction and paper industry. The management seeks to achieve annual savings of up to EUR 5 million.

Nordkalk is headquartered in Pargas, employing about 1,100 staff worldwide. In addition to Finland, the company operates in eight other countries, where redundancies are also possible.

Sources

  • 29 October 2013: YLE News
  • 29 October 2013: Nordkalk (press release)

Citation

Eurofound (2013), Nordkalk, Internal restructuring in Finland, factsheet number 76134, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76134.