EMCC European Monitoring Centre on Change

PPTH

Company/Organisation:
PPTH

Geographic Location

Country: Finland

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
Number Employed: 600

Employment Effects

Announcement Date: 26-08-2003
Planned Job Reductions min: 120
Planned Job Reductions max: 120
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-10-2003

Additional Information

The steel constructor PPTH has started cooperation talks with the all the personnel in order to make 120 employees redundant. The reason for this job reduction measure is the recession in the industry and office construction in North-Europe. In October 2003, PPTH has ended the cooperation talks. As a result of these talks, the company decided to cut its work force by 120 jobs.