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.
(10 - 33) Manufacturing (24 - 25) Manufacture of metals 25 - Manufacture of fabricated metal products, except machinery and equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
350 jobs Number of planned job losses
Announcement Date
13 September 2002
Employment effect (start)
Foreseen end date
1 January 2003
Description
As an result of the co-operation talks Wärtsilä will lay off 350 employees in order to adapt the capacity to meet the production volume. The lay offs will start in mid October and they will be carried out during the autumn and in the beginning of 2003.
Sources
Citation
Eurofound (2002), Wärtsilä Oyj, Internal restructuring in Finland, factsheet number 59166, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/59166.
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