Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Agriculture
Agriculture, Forestry And Fishing
Forestry And Logging
02 - Forestry and logging

90 jobs
Number of planned job losses
Job loss
Announcement Date
20 February 2015
Employment effect (start)
Foreseen end date

Description

Forestry company Otso has initiated employer-employee negotiations to cut 90 jobs. The negotiations are part of a broad restructuring programme to deal with the lack of profitability of the company in its current state. The company aims to save EUR 5 million. Otso employs a total of 270 people in Finland. 


Sources

  • 20 February 2015: Mets√§lehti

Citation

Eurofound (2015), Otso, Internal restructuring in Finland, factsheet number 78466, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78466.