Kemira sets over EUR 20 million savings target in Finland
Kemira has launched a group-wide global savings program to improve the profitability. Kemira aims to save more than EUR 50 million per annum, of which more than EUR 20 million is planned to come from Kemira's Finnish operations. Cost-reduction measures will include improvements to the group's structure, organization and current operating models.
Kemira has announced the commencement of co-determination negotiations at 5 of the group's Finnish sites. Negotiations will be commenced at Oulu, Vaasa, Äetsä, Espoo and Helsinki sites. The restructuring and savings program may involve a net reduction of up to 300 jobs in Finland.
"We intend to achieve personnel cost reductions in the first place by reorganising tasks and re-allocating positions and by pension plans. None of our Finnish sites will be closed, but the possibility of some direct layoffs cannot unfortunately be ruled out. Over the next few weeks, we will negotiate the process with our employee representatives," states Jukka Oinonen, VP, Human Resources, Kemira Finland. Kemira has approximately 10,700 employees worldwide, almost 3,000 of whom are based in 13 sites in Finland.
Other news from the department business & finance
Most read news
More news from our other portals
Last viewed contents
Getting better all the time: JILA strontium atomic clock sets new records
Glutathione_S-transferase
Spin-resolved oscilloscope for charge and spin signals
SI Group announces agreement to purchase Baytown, Texas Facility
Gold: Rewriting text book knowledge
Evonik sells TAA derivatives business to SABO - Italian chemical company SABO acquires the two production sites in Marl, Germany and Liaoyang, China
Toward new solar cells with active learning - To deal with the myriad of possibilities for candidate molecules, the machine decides for itself which data it needs
Optimizing costs for companies with on-site power generation - Frankfurt-based startup node.energy GmbH secures financing
An illuminated water droplet creates an ‘optical atom’ - The findings open up the possibility of measuring chemical or biological contaminants in water droplets quickly and easily
Almost all chemicals burden the planet - More than 99 percent of the most widely produced chemicals aren’t sustainable
