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 plastic pipe and well manufacturer Uponor Infra is cutting 170 jobs at its factory in Vaasa and moving production of pipes and wells to its factory in Nastola. The net impact is approximately 80 jobs lost. The aim of the relocation is to concentrate production to Nastola and thereby achieve profitable growth, greater agility and cost reduction. 80 jobs will remain in Vaasa focusing on project-management, international sales, technological development and long-distance heating.
The local union representative is sceptical. Production was relocated to Vaasa from Forassa a couple of years ago and the union representative does not think that relocating the production once more is a solution to the companies problems.
Uponor infra has initiated employer-employee negotiations every autumn since the company was created in 2013. Across Europe, Uponor has initiated employer-employee negotiations that concern a total of 450 jobs.
Update 3/2/2016:Following concluded employer-employee negotiations Uponor Infra will cut 93 jobs in Vaasa. Additionaly 30 jobs will be created in Nastola and 10 in Tuusula leading to a net impact of 53 jobs. Moreover Uponor-Finland, Uponor Infra's parent company, will cut 33 jobs on a national level.
Eurofound (2015), Uponor Infra, Relocation in Finland, factsheet number 85810, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/85810.
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