Oras

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Länsi-Suomi; Satakunta
Location of affected unit(s)
Rauma
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
120 jobs
Number of planned job losses
Job loss
Announcement Date
24 March 2006
Employment effect (start)
Foreseen end date

Description

The water tap manufacturer Oras will cut down 120 jobs at its main plant in Rauma in Finland in the course of two years in order to improve its competitiveness. Most of the personnel cuts will be effected without redundancies.

In addition to Rauma, Oras has production in Norway and Poland. The company employs a total of 1,100 per-sons, 750 working at Rauma.

Sources

  • 24 March 2006: Taloussanomat

Citation

Eurofound (2006), Oras, Internal restructuring in Finland, factsheet number 63193, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63193.