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Nokian Announces Possible Layoffs

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nokian-tyres-logo-RSNokian Tyres will start statutory negotiations on Sept. 25 at its tire plant in Finland to adjust production and create cost savings. The negotiations include temporary layoffs, according to the tiremaker.

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The negotiations concern approximately 570 workers and staff in production, maintenance and quality departments at the plant. Possible personnel cuts will amount to a maximum of nine persons, said Nokian.

Additionally, the company will negotiate planned production downtime, possible changes in shift manning and productivity improvement measures.

Nokian Tyres has already downgraded its financial outlook for 2014, citing weakened economic outlook in Russia and CIS countries.

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