January 19, 2009

Stora Enso Plans Temporary Layoffs for Thousands

The Finnish-Swedish forest products company Stora Enso is to launch temporary layoff talks with over 5,000 employees on Monday.

The papermaking giant says that because of a fall in demand, it will sharply cut production between now and June.

Stora Enso says it is still not certain how many employees will be furloughed or the length of the temporary layoffs, but that they could last anywhere from a week to several months. It adds that “the total number of employees affected by the co-determination negotiations could exceed 5,000“.

Source: YLE

December 9, 2008

Swedish builder Skanska to cut 3,400 jobs

(Sweden) According to AP and Instablogs: “Skanska AB, the Nordic region’s biggest construction group, said Tuesday it will slash 3,400 jobs, or almost 6 percent of its work force, due to a weakening in the construction market.

The Swedish company said it will cut 2,000 jobs in Sweden, 800 in Norway and 600 in Finland. The cost of the savings package will be about 600 million kronor ($74 million), Skanska said.”

Finnair to temporarily lay off 1,700 workers to cut costs

(Finland) According to AP and IHT: “Finnair PLC plans to temporarily lay off up to 1,700 cabin stewards and air hostesses next year to cut costs, airline officials said Tuesday.”

“The staggered layoffs, mostly in April and May 2009, will last about two weeks, airline spokeswoman Kati Lehesmaa said.”

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