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 Other Non-Metallic Mineral Products 23.7 - Cutting, shaping and finishing of stone
53 jobs Number of planned job losses
Announcement Date
29 October 2013
Employment effect (start)
1 November 2013
Foreseen end date
30 June 2014
Description
Nordkalk is to make 53 workers redundant in Finland by the end of June 2014. According to the company, most cuts will be achieved through early retirements. Redundancies are mostly to affect the sites at Lappeenranta (27 redundancies), Pargas (17) and Lohja (7).
The restructuring is due to sluggish demand, particularly in the construction and paper industry. The management seeks to achieve annual savings of up to EUR 5 million.
Nordkalk is headquartered in Pargas, employing about 1,100 staff worldwide. In addition to Finland, the company operates in eight other countries, where redundancies are also possible.
Sources
29 October 2013: YLE News
29 October 2013: Nordkalk (press release)
Citation
Eurofound (2013), Nordkalk, Internal restructuring in Finland, factsheet number 76134, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76134.
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