Agco Power

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Länsi-Suomi; Pirkanmaa
Location of affected unit(s)
Tampere, Nokia
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
52 jobs
Number of planned job losses
Job loss
Announcement Date
11 June 2014
Employment effect (start)
11 July 2014
Foreseen end date

Description

Diesel engine manufacturer Agco Power has announced that it will cut 90 jobs at its sites in Tampere and Nokia. According to the source, the reductions are a result of changing market conditions.

The source reports that Agco Power has now entered into employer-employee negotiations. These negotiations concern all staff and are expected to last one month.

Update, 09-07-2014: The company has reduced the redundancies from 90 to 52. According to the source, the redundancies will take effect immediately.

Sources

  • 10 June 2014: Nokian Uutiset
  • 10 June 2014: Svenska YLE
  • 9 July 2014: Svenska

Citation

Eurofound (2014), Agco Power, Internal restructuring in Finland, factsheet number 77171, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77171.