EMCC European Monitoring Centre on Change

YIT Teollisuus

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.