Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Etelä-Suomi; Uusimaa
Location of affected unit(s)
Valkeakoski
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13.9 - Manufacture of other textiles

30 jobs
Number of planned job losses
Job loss
Announcement Date
11 August 2005
Employment effect (start)
Foreseen end date

Description

On 11 August 2005, the producer of viscose Säteri ltd, started codetermination negotiations in order to cut 30 jobs. According to the company the cost pressure from China lies behind the restructuring measures.


Sources

  • 12 August 2005: Helsingin Sanomat

Citation

Eurofound (2005), Säteri ltd., Internal restructuring in Finland, factsheet number 62127, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62127.