The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing (24 - 25) Manufacture of metals 24.4 - Manufacture of basic precious and other non-ferrous metals 24.41 - Precious metals production
100 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/60222.