EMCC European Monitoring Centre on Change

Normet

Company/Organisation:
Normet

Geographic Location

Country: Finland
Region: Pohjois-Savo; Itä-Suomi; Manner-Suomi
Location of affected unit(s): Iisalmi

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28.92 - Manufacture of machinery for mining, quarrying and construction
Number Employed: 340

Employment Effects

Announcement Date: 09-12-2013
Planned Job Reductions min: 50
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2014
Direct Dismissals: 50

Additional Information

Manufacturer of mining and tunnelling equipment Normet is to cut 50 jobs at its factory in Iisalmi.

According to media reports, the restructuring is due to low demand for its products. As reported, in 2013 Normet had temporarily laid off 260 workers.

Apart from Finland, Normet has also production facilities in Chile and Sweden.