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 Electrical Equipment 27.12 - Manufacture of electricity distribution and control apparatus
65 jobs Number of planned job losses
Announcement Date
10 June 2019
Employment effect (start)
Foreseen end date
15 December 2019
Description
The Finnish manufacturer of electrical solutions, systems and supplies Ensto has concluded employer-employee negotiations. As a result, a total of 65 jobs will be cut. The personnel reductions affect all units in Finland and will be carried out by mid-December 2019. Ensto has decided to close its lighting factory in Lohja, Southern Finland, and transfer production to Porvoo, Finland, and Paide, Estonia. The company announced that they aim to save €10 million per year after completing the adjustments.
Currently, the company has about 400 employees in Finland. Globally, Ensto employs some 1,600 people.
Eurofound (2019), Ensto, Internal restructuring in Finland, factsheet number 97913, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97913.
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