Ensto

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
27.12 - Manufacture of electricity distribution and control apparatus
65 jobs
Number of planned job losses
Job loss
Announcement Date
10 June 2019
Employment effect (start)
Foreseen end date
15 December 2019

Description

The Finnish manufacturer of electrical solutions, systems and supplies Ensto has concluded employer-employee negotiations. As a result, a total of 65 jobs will be cut. The personnel reductions affect all units in Finland and will be carried out by mid-December 2019. Ensto has decided to close its lighting factory in Lohja, Southern Finland, and transfer production to Porvoo, Finland, and Paide, Estonia. The company announced that they aim to save €10 million per year after completing the adjustments.

Currently, the company has about 400 employees in Finland. Globally, Ensto employs some 1,600 people.

Sources

Citation

Eurofound (2019), Ensto, Internal restructuring in Finland, factsheet number 97913, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97913.