Restructuring events
European Restructuring Monitor (ERM)
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.
PKC Electronics, a subsidiary of PKC Group, has announced plans to lay off up to 80 workers from its two locations in Finland. The company has initiated mandatory negotiations with employee representatives on the proposed cuts, which could affect both of its locations in Finland.
PKC Electronics provides electronics design and manufacturing services for telecommunications, commercial vehicle, medical, and electronics industries. The company states that its clients have moved their production to lower-cost countries and it must follow the clients.
In addition to Finland, PKC Group runs its electronics business in China and Russia. It also has wiring harness factories in Brazil, Estonia. Germany, Mexico, Poland, and Ukraine.
Updated 03-10-2011: PKC Electronics has concluded negotiations and announced dismissals of 77 workers.
Eurofound (2011), PKC Electronics, Offshoring/Delocalisation in Finland, factsheet number 72277, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72277.
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