Pilkington Plants in Finland and Sweden
Face Closings and Layoffs
October 26, 2012
by Casey Neeley, email@example.com
Pilkington Automotive is in discussions to shut down the company's
Ylöjärvi, Finland and Landskrona, Sweden plants. These closings
will leave an estimated 420 workers unemployed.
In a release
issued today by the NSG Group (NSG), Pilkington's parent company,
officials say "The Group is taking action to reduce capacity and
output to match the requirements of its customers, consistent with
its restructuring program, originally announced on February 2, 2012.
These closures are expected to be completed during the calendar
of slow automotive sales, NSG announced that they were planning
to reduce overhead costs. "As part of its cost reduction plan, the
Group is targeting a reduction of 3,500 employees in its global
headcount," said officials in the February 2 release. "A significant
part of this reduction will come from overheads; management and
"Automotive volumes in Europe, representing almost half of the
Group's total automotive business, fell during the third quarter,
as consumers, faced with a deteriorating economic outlook, increasingly
sought to postpone significant spending decisions," said NSG officials
NSG officials note in the statement that the recurring profit benefit
from the closings will total an estimated 18 million USD (1.4 billion
JPY, 14 million EUR).
The Ylöjärvi plant, which is responsible for laminating manufacturing,
anticipates 320 employees will lose their jobs in the closing. The
Landskrona plant, toughening glass manufacturer, expects 100 jobs
will be cut.
Finnish news site Yle
Uttiset reports that some Ylöjärvi employees staged a walk-out
today in protest of the closing.
This story is an original story by AGRR™ magazine/glassBYTEs.com™. Subscribe to AGRR™ Magazine.
Subscribe to receive the free e-newsletter.