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.
Finnish manufacturer of tools for kitchen and garden, Fiskars, has started employer-employee negotiations concerning all 130 workers at the company's site in Helsinki, Finland.
Fiskars stated in a press release that due to increased competition and the demanding economic situation, the production of ceramics in Finland has not been able to remain financially sustainable, despite previous investments.
The ERM reported on a previous case of restructuring at the company in 2012.
Update 24/3/2016:Following concluded employer-employee negotiations on the 2nd of November 2015 in total 120 employees will be let go at Fiskars factory in Helsinki.
Eurofound (2015), Fiskars, Closure in Finland, factsheet number 84617, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84617.