Internal restructuring
European Union
Location of affected unit(s)
Finland (Iisalmi), Sweden
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.92 - Manufacture of machinery for mining, quarrying and construction

130 jobs
Number of planned job losses
Job loss
Announcement Date
21 October 2015
Employment effect (start)
1 December 2015
Foreseen end date
31 December 2016


In Finland, Normet Group, a provider of advanced solutions for selected customer processes in underground mining and tunnelling, has concluded its employer-employee negotiations and decided to cut 130 jobs worldwide. The group is active in Finland, Sweden and Chile. A total of 25 white-collar workers will be made redundant in Iisalmi (Finland). In addition, the Group will lay off 40 workers temporarily and is negotiating to outsource six white-collar workers. The need for reductions was initially estimated at 80 jobs in Iisalmi. At the personnel's request, redundancies were converted to temporary lay-offs. Managing Director of Normet, Timo Rask, expects the year 2016 to be difficult. The mining industry has been in a downhill slide for a long time. It can be estimated that job cuts in other countries will affect about 60 employees (130-71).


  • 21 October 2015: YLE
  • 3 December 2015: YLE


Eurofound (2015), Normet, Internal restructuring in European Union, factsheet number 86029, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86029.