Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Pori
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30 - Manufacture of other transport equipment

519 jobs
Number of planned job losses
Job loss
Announcement Date
25 February 2005
Employment effect (start)
14 March 2005
Foreseen end date

Description

In January 2005, Tecnip Offshore Finland started cooperation talks with the personnel in order to find cost savings to meet the declining demand of oil riffs.

On 25 February 2005, the company informed it will lay off all the employees for a fixed term. The employment effect will start on 14 March 2005.


Sources

  • 25 February 2005: Helsingin Sanomat

Citation

Eurofound (2005), Tecnip offshore Finland, Internal restructuring in Finland, factsheet number 61182, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61182.