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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.73 - Manufacture of tools
95 jobs Number of planned job losses
Announcement Date
10 April 2012
Employment effect (start)
Foreseen end date
Description
Finnish company Fiskars has announced redundancies of up to 95 employees from its garden tool manufacturing plant in Billnäs (town of Raseborg). The company has started negotiations with employee representatives on the proposed cuts.
Fiskars cites competitiveness and the need to increase Billnäs plant's effectiveness as the reason for the proposed cuts. It also states that it wants to explore opportunities for lay-offs during the negotiations.
Sources
10 April 2012: Fiskars press release
10 April 2012: Taloussanomat
10 April 2012: Helsingin Sanomat
Citation
Eurofound (2012), Fiskars, Internal restructuring in Finland, factsheet number 73450, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73450.
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