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 - Manufacture of machinery and equipment n.e.c.
100 jobs Number of planned job losses
Announcement Date
21 July 2015
Employment effect (start)
21 July 2015
Foreseen end date
Description
Finnish provider of plumbing and indoor climate systems for the residential and commercial building markets, Uponor, has announced plans to cut 100 jobs from its European workforce. The cuts are part of a streamlining programme in response to low demand in Europe, particularly Germany, Finland, and the United Kingdom. They will affect the company's Building Solutions Europe segment. Negotiations about redundancies affecting 20 full-time and 20 part-time employees in Sweden were already begun in June. Uponor has operations in 30 countries and its workforce stood at 3,980 in 2014.
Sources
21 July 2015: Helsinki Times
Citation
Eurofound (2015), Uponor, Internal restructuring in European Union, factsheet number 84292, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84292.
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