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 (26 - 27) Manufacture of electrical, electronic and optical products 27 - Manufacture of electrical equipment 27 - Manufacture of electrical equipment
55 jobs Number of planned job losses
Announcement Date
5 May 2004
Employment effect (start)
1 June 2004
Foreseen end date
Description
After cooperation negotiations with the personnel, the number of PMJ employees will be reduced by 55 people. Reductions will become effective starting from June 1 2004. These changes are aimed at improving cost-efficiency.
Sources
5 May 2004: Helsingin Sanomat
Citation
Eurofound (2004), PMJ Automec, Internal restructuring in Finland, factsheet number 60323, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60323.