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.
Technip Offshore Finland, a manufacturer of oil drilling platforms, has announced redundancies of 190 production personnel from its plant in Pori. The company has concluded negotiations which started in September 2013.
Technip originally planned to reduce 250 production personnel. In addition to 190 dismissals announced now, the company will lay off another 250 employees temporarily. As reported, the reason for the redundancies is the cancellation of an order by oil company BP.
For a previously announced restructuring see here.
Eurofound (2013), Technip Offshore Finland, Internal restructuring in Finland, factsheet number 76350, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76350.
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