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 - Manufacture of fabricated metal products, except machinery and equipment
106 jobs Number of planned job losses
Announcement Date
7 June 2012
Employment effect (start)
1 October 2012
Foreseen end date
31 December 2012
Description
Finnish window and door manufacturer Fenestra has announced redundancies of up to 140 employees from its window production business. The company has started negotiations with employee representatives on the proposed cuts.
Fenestra has approx. 700 employees in Finland, but the restructuring would only affect its window production, which has been unprofitable for years. The company has several plants in Finland, put particular attention focuses on the Forssa plant, which may be reduced, moved, or have its production outsourced.
The timeline for the restructuring is not known yet.
Updated, 20-08-2012: Fenestra has concluded negotiations and announced the closure of its Forssa plant. Fenestra's window production will be concentrated in Kuopio. In Forssa, 106 employees will be dismissed. The Kuopio plant has currently 90 employees, but half of them have been laid off temporarily.
Sources
7 June 2012: Helsingin Sanomat
7 June 2012: Rakennuslehti
20 August 2012: YLE News
Citation
Eurofound (2012), Fenestra, Closure in Finland, factsheet number 73878, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73878.
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