Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Pohjois- ja Itä-Suomi; Kainuu
Location of affected unit(s)
Sotkamo
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.1 - Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms
20.13 - Manufacture of other inorganic basic chemicals

120 jobs
Number of planned job losses
Job loss
Announcement Date
27 February 2026
Employment effect (start)
10 April 2026
Foreseen end date
31 October 2026

Description

Multi-metal and battery chemicals producer Terrafame has announced that it will start cooperation negotiations covering its full workforce of 887 employees. According to the company's preliminary estimates, the negotiations might result in a reduction of up to 120 full-year equivalents, temporary layoffs, or changed working arrangements.

Terrafame has been affected by increased mining mineral taxes, which resulted in a profit loss of €6 million in 2025. The company is estimating that it will have to pay over €30 million in increased taxes in 2026. According to Terrafame, it aims to save up to €10 million in a year as a result of the ongoing negotiations and thus mitigate some of the effects of the increased tax.


Sources

  • 27 February 2026: Yle (yle.fi)

Citation

Eurofound (2026), Terrafame, Internal restructuring in Finland, factsheet number 204334, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204334.