Type
Closure
Country
Finland
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.41 - Precious metals production

100 jobs
Number of planned job losses
Job loss
Announcement Date
30 July 2003
Employment effect (start)
Foreseen end date
1 November 2003

Description

Outokumpu has informed to close down the last Finnish gold mine by the end of November, due to the shortage of ore. About 100 employees will be dismissed. The company has earlier announced a possible resale motivated by the sensitiviness of the sector.


Sources

  • 30 July 2003: Helsingin Sanomat

Citation

Eurofound (2003), Outokumpu, Closure in Finland, factsheet number 60222, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60222.