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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.51 - Manufacture of instruments and appliances for measuring, testing and navigation
100 jobs Number of planned job creations
Announcement Date
4 March 2019
Employment effect (start)
Foreseen end date
Description
Argus Spectrum International, a Russia-based company specialised in fire detection and security systems, has announced that it will establish a new production plant in Savonlinna. The company invests €2 to 3 million in the new factory and plans to recruit about 100 new employees at the site. The production is expected to begin in June 2019. The plant will produce wireless fire protection products and early warning and positioning systems for the international market. Local authorities have welcomed the investment.
Eurofound (2019), Argus Spectrum International, Business expansion in Finland, factsheet number 97351, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97351.
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