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 textiles, apparel and leather Manufacture of wearing apparel 14 - Manufacture of wearing apparel
86 - 200 jobs Number of planned job losses
Announcement Date
3 September 2015
Employment effect (start)
Foreseen end date
Description
Finnish clothing manufacturer Nanso has announced plans to reduce its workforce by around 200 positions at its factories in Tornio in northern Finland and Nokia in the Tampere region. The company has suffered net losses in the past few years and indicated a need to adopt a new cost structure and consider alternative operational models to return the business to profitability. According to the company, reasons behind the falling sales include a reduced consumer demand (particularly in Finland and Russia) and slow economic growth in Finland, as well as increased price competition in the clothing industry. The company is considering building a supply chain for the Nanso brand in Estonia.
UPDATE 15/12 2015 After three months the employer-employee negotiations were concluded, and on the 8th of December, Nanso announced that 86 jobs would be cut. The manufacturing of tricots at Nokia's factory will be discontinued. At the moment the future situation for the tights-producing factory in California is still unclear. The factory in Nokia has a workforce of 130 people, and the factory in Tornio has a workforce of 70. The factory in Nokia will be closed during the autumn of 2016, and Nanso plans to establish a supply chain in Estonia.
Sources
3 September 2015: YLE.fi
8 December 2015: Svenska YLE
Citation
Eurofound (2015), Nanso, Closure in Finland, factsheet number 84659, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84659.
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