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.
Nordkalk is to make 53 workers redundant in Finland by the end of June 2014. According to the company, most cuts will be achieved through early retirements. Redundancies are mostly to affect the sites at Lappeenranta (27 redundancies), Pargas (17) and Lohja (7).
The restructuring is due to sluggish demand, particularly in the construction and paper industry. The management seeks to achieve annual savings of up to EUR 5 million.
Nordkalk is headquartered in Pargas, employing about 1,100 staff worldwide. In addition to Finland, the company operates in eight other countries, where redundancies are also possible.
Eurofound (2013), Nordkalk, Internal restructuring in Finland, factsheet number 76134, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76134.
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