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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.22 - Manufacture of lifting and handling equipment
130 jobs Number of planned job losses
Announcement Date
2 October 2012
Employment effect (start)
Foreseen end date
Description
Cargotec, a manufacturer of freight handling equipment, has announced redundancies of up to 130 employees from it Finnish operations. The company has started negotiations with employee representatives on the cuts.
Cargotec plans to cut 245 positions worldwide from its approximately 10,600 employees (Q2/2012). About 10% of its workforce is in Finland. The company reports that it is reshaping its organization as it aims to improve its profitability.
Sources
2 October 2012: Cargotec press release
2 October 2012: Taloussanomat
Citation
Eurofound (2012), Cargotec, Internal restructuring in Finland, factsheet number 74342, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74342.
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