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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
100 jobs Number of planned job losses
Announcement Date
21 November 2005
Employment effect (start)
Foreseen end date
Description
On 21 November 2005 the manufacturer of tyres Nokian Tyres started codetermination negotations with the personnel in order to make 100 employees redundant and put the whole personnel of the Nokia unit off work for four weeks. According to management, the restructuring is carried out due to the high production costs and a working time shorter than competitor's.
Sources
21 November 2005: Helsingin Sanomat
Citation
Eurofound (2005), Nokian Tyres, Internal restructuring in Finland, factsheet number 62533, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62533.
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