EMCC European Monitoring Centre on Change



Geographic Location

Country: World


Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Number Employed: 14500
Group: FKI

Employment Effects

Announcement Date: 27-01-2004
Planned Job Reductions min: 700
Planned Job Reductions max: 700
Type of Restructuring: Internal restructuring

Additional Information

FKI, engineering group, is restructuring its activities to improve its debt rating. The group will therefore close 8 loss-making companies, put 4 for sale, and concentrate on 8 remaining businesses. 700 job losses are expected worldwide.