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. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
52 jobs Number of planned job losses
Announcement Date
11 June 2014
Employment effect (start)
11 July 2014
Foreseen end date
Description
Diesel engine manufacturer Agco Power has announced that it will cut 90 jobs at its sites in Tampere and Nokia. According to the source, the reductions are a result of changing market conditions.
The source reports that Agco Power has now entered into employer-employee negotiations. These negotiations concern all staff and are expected to last one month.
Update, 09-07-2014: The company has reduced the redundancies from 90 to 52. According to the source, the redundancies will take effect immediately.
Sources
10 June 2014: Nokian Uutiset
10 June 2014: Svenska YLE
9 July 2014: Svenska
Citation
Eurofound (2014), Agco Power, Internal restructuring in Finland, factsheet number 77171, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77171.
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