Säteri ltd.

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Länsi-Suomi; Pirkanmaa
Location of affected unit(s)
Valkeakoski
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13.9 - Manufacture of other 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://apps.eurofound.europa.eu/restructuring-events/detail/62127.