Hollming Works

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Länsi-Suomi; Satakunta
Location of affected unit(s)
Kankaanpää, Pori, Rauma
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.9 - Manufacture of other special-purpose machinery
28.99 - Manufacture of other special-purpose machinery n.e.c.
195 jobs
Number of planned job losses
Job loss
Announcement Date
26 November 2013
Employment effect (start)
1 January 2014
Foreseen end date
31 March 2014

Description

Machine manufacturer Hollming Works is to cut 195 jobs. As announced, the restructuring will affect the sites in Kankaanpää and Rauma and its plant in Pori will cease its operations by March 2014. Additionally the company announced 55 temporary redundancies. According to media reports the job reductions are due to the lack of new orders.

Sources

  • 26 November 2013: Taloussanomat

Citation

Eurofound (2013), Hollming Works, Internal restructuring in Finland, factsheet number 76261, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76261.