EMCC European Monitoring Centre on Change

Lemminkäinen

Company/Organisation:
Lemminkäinen

Geographic Location

Country: Finland
Region: Manner-Suomi

Company

Sector: Construction
Construction
41 - Construction of buildings
Number Employed: 5500

Employment Effects

Announcement Date: 02-12-2011
Planned Job Reductions min: 150
Planned Job Reductions max: 300
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2012

Additional Information

Lemminkäinen, a Finnish construction and infrastructure company, has announced redundancies of up to 300 workers from its Finnish operations. The company is continuing negotiations on the details.

The company announced in October that it needs to save 50 million Euros starting in 2013. It projected that up to 300 redundancies would be necessary from its operations worldwide, which total 8000 employees (mainly in Finland, other Nordic countries, Baltic countries and Russia). Lemminkäinen has now confirmed the number and reports that most of the cuts will concern Finland.

Lemminkäinen is perhaps best known for road construction, but it is also involved in building construction.

UPDATE, 03/12/2012 - Finnish company Lemminkäinen has concluded its employer-employee talks and will cut maximum 300 jobs by the end of 2012.