Incap Furniture

Type
Bankruptcy
Country
Finland
Region
Manner-Suomi; Pohjois- ja Itä-Suomi;
Location of affected unit(s)
Kärsämäki, Haapavesi, Varpaisjärvi, Oulu
Sector
Manufacturing
(31) Manufacture of furniture
31 - Manufacture of furniture
31 - Manufacture of furniture
300 jobs
Number of planned job losses
Job loss
Announcement Date
24 February 2009
Employment effect (start)
Foreseen end date
30 April 2009

Description

Incap Furniture, which manufactures solid pine furniture has filed for bankruptcy, and all 300 employees will lose their jobs in Finland. 

Incap Furniture has production units in Kärsämäki, Haapavesi and Varpaisjärvi, with its headquarters located in the city of Oulu. All units will be closed by the end of April 2009. The closure of the units are mainly due to the company's biggest customer IKEA's announcement to put orders on hold due to the economic situation on the markets.

Sources

  • 24 February 2009: www.kaleva.fi

Citation

Eurofound (2009), Incap Furniture, Bankruptcy in Finland, factsheet number 68329, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68329.