Nokian Tyres plc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents
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Nokian Renkaat Oyj Plans Layoffs at Nokia Plant
Nokian Renkaat Oyj announced that it has decided to start statutory negotiations on November 5, 2012 at its Nokia plant to adjust the production to meet the market situation. With the negotiations, the Company aims to adjust the utilization of the production capacity and create cost savings. The agenda of the negotiations includes possible changes in shift system and utilization of short-time working method. The possible adjustments have been planned to be done mainly with layoffs during year 2013. The negotiations concern approximately 600 workers and staff at car tire production, maintenance and quality departments at Nokia as well as all 260 of Nokian Heavy Tyres’ employees. Possible personnel cuts will amount to a maximum of 45 persons.
Latest Developments for Nokian Tyres plc
- Nokian Tyres issues FY 2014 outlook in line with analysts' estimates
- Nokian Tyres plc received 73.3 mln euros additional payable tax in Finland regarding years 2008-2010; to propose FY 2013 dividend on previous year's level
- Nokian Tyres says EUR 26.9 mln additional payable tax in Finland does not change proposed FY 2013 dividend
- Nokian Tyres plc Repeats FY 2013 Financial Guidance Revised on October 4, 2013
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