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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Directors Deals Ltd.
Provider: Directors Deals Ltd.

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Uponor Oyj Closes Two Production Units in Finland and Reduces Workforce by 111 Employees

Thursday, 14 Nov 2013 06:30am EST 

Uponor Oyj announced that the Company's collaborative negotiations with its staff in Finland were concluded on November 8, 2013 and the Company subsequently decided to close its production units in the towns of Ulvila and Forssa, southern Finland. The negotiations, which were restricted to the subsidiaries Uponor Suomi Oy and Uponor Infra Oy, resulted in the decision to reduce the workforce by 111 employees, compared to the earlier plan of 140 persons. The companies further decided that there would be no need for temporary layoffs or other similar measures at this point. 

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11:24am EDT