Talgo

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Pohjois- ja Itä-Suomi;
Location of affected unit(s)
Oulu, Otanmäki
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30 - Manufacture of other transport equipment
30 - Manufacture of other transport equipment
44 jobs
Number of planned job losses
Job loss
Announcement Date
13 June 2005
Employment effect (start)
14 June 2005
Foreseen end date
31 December 2005

Description

On 13 June 2005 the manufacturer of rail vehicles Talgo, part of the Spanish Talgo group, announced job cuts. According to the company 44 employees will be made redundant due to the lack of orders.The final number of job losses will be clear by the end of 2005.

Sources

  • 14 June 2005: Helsingin Sanomat

Citation

Eurofound (2005), Talgo, Internal restructuring in Finland, factsheet number 61742, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61742.