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Provider: GlobalData
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Cencorp Oyj Plans to Restructure Its Industrial Automation Related Segments and Lay off Employees

Wednesday, 11 Sep 2013 05:15am EDT 

Cencorp Oyj (Cencorp) announced that in order to improve the Company’s profitability and cost-effectiveness of the operations and the sales as well as to strengthen competitiveness in its traditional industrial automation related segments (LAS, Laser and Automation Solutions, and LCM, Life Cycle Management), and to adjust its operations to the changed business environment Cencorp has decided to investigate the options of restructuring, downsizing and outsourcing of the Company’s operations relating to LAS and LCM business. In relation to the efficiency improvement the Company is looking for possibilities to increase flexible working time arrangements. To adjust its operations Cencorp starts statutory negotiations in all its offices in Finland based on production-related and financial grounds and on grounds related to the restructuring of the operations. The statutory negotiations will include all Cencorp employees in Finland excluding the personnel working within Cencorp’s Clean Energy Solutions segment. The estimate of reduction in labor is maximum nine employees. 

Company Quote

23 Dec 2014