Restructuring events
European Restructuring Monitor (ERM)
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.
Swedish boat manufacturer Nimbus has declared its intention to shut down its Finnish factories in Kuopio and Larsmo, affecting a total of 140 employees. Of the 140 employees impacted, the majority are already on temporary lay-off.
The company states that the demand for leisure boats has been low ever since the Covid-19 pandemic. Union representatives at the Kuopio factory states that closure of the factories has been expected, although the decision was made earlier than anticipated. In Kuopio, the re-employment situation for laid-off employees is dire. In the Larsmo region, other jobs in boat manufacturing are more available.
In 2023, Nimbus Group employed 526 people in total.
Eurofound (2024), Nimbus, Closure in Finland, factsheet number 201680, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201680.