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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
New offshoring locations
Not Available
130 jobs Number of planned job losses
Announcement Date
19 May 2005
Employment effect (start)
Foreseen end date
Description
On 19 May 2005 the manufacturer of mobile phone components, LK Products, informed it started cooperation negotiations with 120 employees in order to cut jobs. According to the company the cost structure is too heavy in Finland and it is possible that the production of the components will be relocated to Central Europe. On 9 June 2005, as an result of the cooperation negotiations, the company informed of its decision to make 130 employees redundant.
Sources
19 May 2005: Helsingin Sanomat
9 June 2005: Helsingin Sanomat
Citation
Eurofound (2005), LK products, Offshoring/Delocalisation in Finland, factsheet number 61599, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61599.
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