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.
Wiring systems and electronics producer PKC Eesti, subsidiary of the PKC Group, is to close its factory in Haapsalu. 347 jobs are at risk. According to the sources, the firm plans to relocate the activities of two lines of the Haapsalu plant to another production site in the country (Keila) and also offshore the activities of another two production lines to a group site in Lithuania. As reported, in this framework the firm will give the opportunity to 100-120 employees to move to the Keila site thus the exact number of redundancies is not clear yet.
According to PKC Estonia chair of the board, Lauri Rohtoja, the closure is due to a need for production flexibility based on a client base consolidation and changing purchasing behaviour, combined with the levels of availability of qualified labour and the production scale. As mentioned, KPC also notified the local government and the Estonian Unemployment Insurance Fund of the redundancies and is ready for cooperation to support employees losing their current jobs to find new employment.
PKC Group is manufacturing wiring harnesses, cabling and electronics for the automotive, telecommunications and electronics industries. For previous restructuring events see PKC Eesti-2009 and PKC Eesti-2007.
Eurofound (2014), PKC Eesti, Offshoring/Delocalisation in Estonia, factsheet number 77393, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77393.
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