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 - Manufacture of rubber and plastic products
140 jobs Number of planned job losses
Announcement Date
17 August 2007
Employment effect (start)
17 August 2007
Foreseen end date
31 October 2007
Description
Nolato Tallinn, a firm that produces high-quality plastic components for mobile phones and shielding solutions, is to close its plant in Tallinn with the loss of 140 jobs. The site is to close by October 2007. Nolato Tallinn is a part of the Nolato Group. It has been speculated that Nolato Group will move parts of the Nolato Tallinn production to sites in Asia, but as yet there is no definite information on this. The closure of the Tallinn site follows a year in which the number of employees at the site has dramatically decreased. In January 2007, there were 541 employees at the site. That figure decreased to 140 by August 2007 through redundancies or workers voluntarily leaving the plant.
Sources
17 August 2007: Aripaev
22 August 2007: Aripaev
21 August 2007: Eesti Päevaleht
17 August 2007: Postimees
Citation
Eurofound (2007), Nolato Tallinn Polymer, Closure in Estonia, factsheet number 64963, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64963.
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