Internal restructuring
Manner-Suomi; Länsi-Suomi; Pirkanmaa
Location of affected unit(s)
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Rubber And Plastic Products
22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

122 jobs
Number of planned job losses
Job loss
Announcement Date
7 August 2015
Employment effect (start)
Foreseen end date


Finnish tyre manufacturer, Nokian Renkaat (or Nokian Tyres) has announced plans to cut up to 150 jobs in Nokia, Finland. The company justifies the austerity measures with the current situation.

Nokian Renkaat plans to reduce its production of passenger car tyres and the company's goal is to annually save EUR 8 million. The company's quarterly report was published the same day as the announcement of the cuts. The results showed that sales had decreased from last year's EUR 370 million to approximately EUR 346 million. The operating profit decreased from just under EUR 91 million to approximately EUR 81 million. The decrease is due to the poor economic situation in the retail sector in Russia, and that advance sales of winter tyres in Russia and Central Europe has not commenced as expected.

The ERM has reported on previous restructuring cases at Nokian Renkaat, most recently in 2012

Update 2015-10-01: Employer-employee negotiations finally resulted in 122 redundancies.


  • 7 August 2015: HBL.fi
  • 28 October 2015: Company press release


Eurofound (2015), Nokian Renkaat, Internal restructuring in Finland, factsheet number 84396, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84396.