EMCC European Monitoring Centre on Change

Kuusakoski

Company/Organisation:
Kuusakoski

Geographic Location

Country: Finland
Region: Manner-Suomi

Company

Sector: Utilities
Water supply; sewerage, waste management and remediation activities
38 - Waste collection, treatment and disposal activities; materials recovery
Number Employed: 650
Group: Kuusakoski

Employment Effects

Announcement Date: 15-10-2012
Planned Job Reductions min: 85
Planned Job Reductions max: 85
Type of Restructuring: Internal restructuring

Additional Information

Kuusakoski, a company specialising in metal recycling, has announced redundancies of up to 85 employees from its locations in Finland. The company has started negotiations with employee representatives.

Kuusakoski operates in about 20 locations in Finland, where it has approximately 650 employees. It is part of Kuusakoski Group, which also includes foundry operations and has over 3,000 employees worldwide. The announced redundancies may affect all Finnish locations. The company cites economic downturn and declining prices of metal as reasons for the cuts.

Sources:

15-10-2012Kuusakoski press release
17-10-2012YLE News
15-10-2012Taloussanomat

Sources Links:

http://yle.fi/uutiset/kuusakoski_aloittaa_ytt/6338210 http://www.taloussanomat.fi/tyomarkkinat/2012/10/15/kuusakoski-aloittaa-yt-neuvottelut-vahennystarve-85-tyopaikkaa/201239902/12 http://www.kuusakoski.fi/Tietopankki/Kuusakoski_aloittaa_yhteistoimintaneuvottelut