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
New offshoring locations
Russian Federation
120 jobs Number of planned job losses
Announcement Date
22 May 2012
Employment effect (start)
1 July 2012
Foreseen end date
Description
Finnish tyre manufacturer Nokian Renkaat has announced up to 120 redundancies from its plant in Nokia. The company is starting mandatory negotiations with employee representatives on the cuts.
Nokian Renkaat is expanding its plant in Russia. As a result, the company is reorganising shifts in its Nokia plant and this will reduce work at the plant currently employing 550 persons. In the future, the Nokia plant will produce tyres mainly for the Nordic markets. Shift changes in Nokia will take place in July 2012.
Sources
22 May 2012: Taloussanomat
22 May 2012: Helsingin Sanomat
Citation
Eurofound (2012), Nokian Renkaat, Offshoring/Delocalisation in Finland, factsheet number 73616, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73616.
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