PPTH

Type
Internal restructuring
Country
Finland
Region
Location of affected unit(s)
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
120 jobs
Number of planned job losses
Job loss
Announcement Date
26 August 2003
Employment effect (start)
1 October 2003
Foreseen end date

Description

The steel constructor PPTH has started cooperation talks with the all the personnel in order to make 120 employees redundant. The reason for this job reduction measure is the recession in the industry and office construction in North-Europe.

In October 2003, PPTH has ended the cooperation talks. As a result of these talks, the company decided to cut its work force by 120 jobs.

Sources

  • 3 October 2003: Helsingin Sanomat
  • 26 August 2003: Helsingin Sanomat

Citation

Eurofound (2003), PPTH, Internal restructuring in Finland, factsheet number 59664, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59664.