Type
Internal restructuring
Country
Finland
Region
Location of affected unit(s)
Oulu and Otanmäki
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30 - Manufacture of other transport equipment

200 jobs
Number of planned job losses
Job loss
Announcement Date
17 June 2003
Employment effect (start)
Foreseen end date

Description

The manufacturer of railway carriages, Talgo, has started on 17 June 2003 cooperation talks in order to cut 200 jobs. The number of personnel will be adjusted to meet the present demand. The whole future of the Finnish railway carriage industry is feared to be at stake in case new orders will not appear.


Sources

  • 18 June 2003: Helsingin Sanomat

Citation

Eurofound (2003), Talgo, Internal restructuring in Finland, factsheet number 59237, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59237.