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 Civil Engineering 42.21 - Construction of utility projects for fluids
96 - 100 jobs Number of planned job losses
Announcement Date
4 August 2014
Employment effect (start)
24 September 2014
Foreseen end date
Description
Finnish plumbing and indoor climate systems suppliers Uponor's subsidiaries Uponor Infra and Uponor Suomi have concluded employer-employee negotiations to cut staff. Uponor Infra decided to close its chamber prefabrication units in the towns of Jyväskylä and Tuusula and relocate their operations to existing factories in Vaasa and Nastola. The staff reduction totals 70 employees. In addition there will be a reduction of 26 employees as a result of expiring temporary contracts and voluntary retirement. Just over half of the reductions, 36 persons, will occur in the town of Vaasa, while the remaining reductions will be distributed between the company's sites in Tuusula, Nastola and Jyväskylä.
Reasons for the restructuring is, according to the company, an attempt to streamline operations with the aim of improving profitability and to achieve long-term financial goals, in order to secure the company's continued development and renewal as a response to the weak domestic market environment.
Sources
4 August 2014: Uponor (Press Release)
24 September 2014: Uponor (Press Release)
Citation
Eurofound (2014), Uponor Infra Oy, Internal restructuring in Finland, factsheet number 77445, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77445.
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