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 For Transport Equipment Manufacture Of Other Transport Equipment 30.9 - Manufacture Of Transport Equipment N.E.C.
12 jobs Number of planned job creations
Announcement Date
23 November 2017
Employment effect (start)
Foreseen end date
Description
Pole bicycle company is a Finnish bicycle company. This company has moved production of bicycle frames from Taiwan back to Finland. Until now, the frames and parts have been imported and the bicycles have been assembled in Jyväskylä in Finland. The company's new model named 'Pole Machine' will be produced in Finland. The target of Pole Bicycle Company is to reach a turnover of at least € 20 Million by 2022 (the 2017 turnover was around € 560,000). According to the Chief Operations Officer Lauri Hulkkonen, the company is planning to recruit a dozen new employees in 2018, most of them will be employed to work at the Jyväskylä site.
Eurofound (2017), Pole Bicycle Company, Reshoring in Finland, factsheet number 90, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90.
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