Restructuring events
European Restructuring Monitor (ERM)
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.
Kuusakoski, a company specialising in metal recycling, has announced redundancies of up to 85 employees from its locations in Finland. The company has started negotiations with employee representatives.
Kuusakoski operates in about 20 locations in Finland, where it has approximately 650 employees. It is part of Kuusakoski Group, which also includes foundry operations and has over 3,000 employees worldwide. The announced redundancies may affect all Finnish locations. The company cites economic downturn and declining prices of metal as reasons for the cuts.
Eurofound (2012), Kuusakoski, Internal restructuring in Finland, factsheet number 74343, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74343.