Sandvik

Type
Reshoring
Country
Finland
Reshoring from
China
Reshored business function
Production
Region
Manner-Suomi; Länsi-Suomi; Pirkanmaa
Location of affected unit(s)
Tampere
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
No information on job gains number available
Announcement Date
15 February 2016
Employment effect (start)
Foreseen end date

Description

Sandvik is a Finnish company involved in the production of tools and machinery. In a statement on the official website the company stated that it intends to concentrate its activities in the Tampere site, and planned to close the Turku plant. The unusual source regarding a backshoring from China to Finland does not provide further details regarding the company's motivation for the move, or potential effects on employment. 

Sources

Citation

Eurofound (2016), Sandvik, Reshoring in Finland, factsheet number 190, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/190.