Company/Organisation:
YIT Teollisuus
Geographic Location
Country:
Finland
Region:
Manner-Suomi
Company
Sector:
Professional services
Legal, accounting, management, architecture, engineering, technical testing and analysis activities
71.1 - Architectural and engineering activities and related technical consultancy
Number Employed:
2500
Group:
YIT
Employment Effects
Announcement Date:
22-06-2011
Planned Job Reductions min:
350
Planned Job Reductions max:
350
Type of Restructuring:
Internal restructuring
Additional Information
YIT Teollisuus, a Finnish subcontractor of YIT Group, has announced plans to lay off up to 350 employees.
YIT Teollisuus has begun mandatory negotiations with employee representatives on the proposed cuts. The negotiations are set to conclude on August 22. Cuts need not all be dismissals, but relocations within the group and retirements are options.
YIT Teollisuus provides various technical services for manufacturing and construction companies. The company states that the demand for its services has declined.
Sources:
24-06-2011YLE Internet News
Sources Links:
http://yle.fi/uutiset/talous_ja_politiikka/2011/06/yit_teollisuus_on_aloittanut_yt-neuvottelut_2684907.html