Restructuring events
European Restructuring Monitor (ERM)
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.
On 9 August 2005 the producer of copper, Outokumpu Poricopper started cooperation negotiations in order to cut 175 jobs. The dismissals are carried out due to an increase of the raw copper prices and the weakening demand.
On 20 September 2005 the company informed of the ended codetermination negotiations. As an result of the process 168 employees will be made redundant.
Eurofound (2005), Outokumpu Poricopper, Internal restructuring in Finland, factsheet number 62125, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62125.