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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.99 - Manufacture of other special-purpose machinery n.e.c.
195 jobs Number of planned job losses
Announcement Date
26 November 2013
Employment effect (start)
1 January 2014
Foreseen end date
31 March 2014
Description
Machine manufacturer Hollming Works is to cut 195 jobs. As announced, the restructuring will affect the sites in Kankaanpää and Rauma and its plant in Pori will cease its operations by March 2014. Additionally the company announced 55 temporary redundancies. According to media reports the job reductions are due to the lack of new orders.
Sources
26 November 2013: Taloussanomat
Citation
Eurofound (2013), Hollming Works, Internal restructuring in Finland, factsheet number 76261, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76261.
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