Nokian Announces Further Redundancies, Layoffs

Nokian Car and Van has responded to reduced demand with a raft of job cuts and temporary layoffs. The company has eliminated a total of 232 jobs, of which 106 are to be covered by pension arrangements. In addition, a further 440 people will be temporarily furloughed in 110 batches over a nine-week cycle, plus 62 more are to be laid off until further notice.

Car and van tyre production will change from a three-shift seven-day working week to a three-shift five-day working week arrangement. Annual production capacity at Nokian’s passenger and van tyre production facility will decrease from the current level of six million tyres to approximately four million tyres in 2009.