FKI

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
700 jobs
Number of planned job losses
Job loss
Announcement Date
27 January 2004
Employment effect (start)
Foreseen end date

Description

FKI, engineering group, is restructuring its activities to improve its debt rating. The group will therefore close 8 loss-making companies, put 4 for sale, and concentrate on 8 remaining businesses. 700 job losses are expected worldwide.

Sources

  • 28 January 2004: The Guardian
  • FKI
  • 27 January 2004: Press Release

Citation

Eurofound (2004), FKI, Internal restructuring in World, factsheet number 58909, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/58909.