NCC

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Construction
41 - Construction of residential and non-residential buildings
41 - Construction of residential and non-residential buildings
41 - Construction of residential and non-residential buildings
300 jobs
Number of planned job losses
Job loss
Announcement Date
26 November 2008
Employment effect (start)
Foreseen end date
1 June 2009

Description

The Swedish construction and property development company NCC is cutting 300 jobs in Finland. The job losses are attributed to the financial crisis and the recession which has considerably weakened the housing market. According to NCC, the company is cutting 100 clerical jobs and some 200 other jobs.

Negotiations with trade unions are expected to be finished by the end of the year 2008 and restructuring measures are to be implemented in the first half of 2009.

NCC employs some 3,000 workers in Finland.

Sources

  • 27 November 2008: www.tekniikkatalous.fi

Citation

Eurofound (2008), NCC, Internal restructuring in Finland, factsheet number 68240, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68240.