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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.5 - Manufacture of domestic appliances
New offshoring locations
Poland
110 jobs Number of planned job losses
Announcement Date
8 May 2014
Employment effect (start)
8 May 2014
Foreseen end date
31 December 2014
Description
Finnish manufacturer of indoor heating products, Rettig ICC, will cut 110 jobs when it closes its production site in Pietarsaari. Approximately 20 jobs in the sales and marketing department will remain in Finland.
According to the source, the company is moving its production operations to Poland as costs are lower there. The source reports that the site made €4 million in profit last year but that this restructuring is part of the company’s plans to remain competitive in the long term.
Approximately one in four of the redundancies will be organised through early retirement. Rettig ICC will also establish a programme to support employees in finding new employment opportunities through training and financial support.
Sources
8 May 2014: Vasabladet
8 May 2014: Svenska YLE
Citation
Eurofound (2014), Rettig ICC, Offshoring/Delocalisation in Finland, factsheet number 76970, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76970.
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