EMCC European Monitoring Centre on Change

Mäntyluoto Works

Company/Organisation:
Mäntyluoto Works

Geographic Location

Country: Finland

Company

Sector: Manufacturing
Manufacture of transport equipment
30 - Manufacture of other transport equipment
Number Employed: 800
Group: Tecnip Rauma Offshore

Employment Effects

Announcement Date: 23-09-2003
Planned Job Reductions min: 160
Planned Job Reductions max: 160
Type of Restructuring: Internal restructuring
Direct Dismissals: 160

Additional Information

Tecnip Rauma Offshore announced a restructuring measure making 160 employees redundant. This is due to the weakening demand of offshore oil rigs.