Tikkurila will start statutory co-operation negotiations with all of Tikkurila Oyj’s personnel, currently totaling about 600 persons.
Tikkurila Oyj’s Vantaa site produces and sells decorative paints and industrial coatings for both the Finnish market as well as for export to Russia and other countries. About half of Tikkurila Oyj’s revenue relates to exports.
In the negotiations to be started the estimated maximum headcount reduction is 100 persons. The target is to adjust the Finnish personnel to fit current volume level, and to find new, more flexible ways to introduce products and services that fit customers’ needs. Moreover, the aim is to change operational and organizational structures and to ensure company’s cost competitiveness.
“Our sales volumes have already for a long time decreased in both Finland and Russia, and we have tried to adapt to this trend without any significant changes in our headcount. However, as the situation in Russia has become more difficult and as both countries’ economic situation is very weak, we have to adjust our operations and to carry out structural changes also in Finland,” states Erkki Järvinen, President and CEO of Tikkurila Oyj.
Source: Tikkurila Oyj
3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.
Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.
Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).
