The company began required negotiations with labor unions representing employees at its Nokia, Finland, plant. The company plans to reduce shifts and reorganize operations in order to trim tire production there from 6 million units to some 4.5 million tires, thereby saving the company some 30 million euros.
Nokian Tyres said it hopes most of the personnel cuts can be accomplished through early retirements or “other voluntary solutions.” (Tire Review/Akron)