Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • BEST PLACES TO WORK
  • News
    • HUMANITARIAN
    • TIRE MAKERS
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • OBITUARIES
    • OPINION
    • MID YEAR REPORT
    • SERVICE ZONE
  • ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
August 10, 2015 02:00 AM

Nokian to cut output, jobs at plant in Finland

Crain News Service
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    By Shahrzad Pourriahi, Crain News Service

    HELSINKI, Finland (Aug. 10, 2015) — Nokian Tyres P.L.C. is seeking to cut up to 150 jobs at its tire plant in Nokia, Finland, in line with planned production cutbacks there necessitated by the weakened economic picture in the company's key markets in Russia and eastern Europe.

    The tire maker said it will start statutory negotiations with 900 workers next week to “adjust” its operations. Nokian said it hopes to realize operating savings of $8.7 million through the job cuts.

    Nokian did not say how much it intends to throttle back passenger tire production nor whether the job cuts would be permanent. Besides passenger tires, the plant in central Finland also makes light truck, farm, OTR and industrial tires and is rated at 76,000 metric tons output per year.

    Nokian downgraded its outlook for 2015 due to the weakened economic situation in Russia and CIS countries.

    “Car tire sales have continued to decline in these areas. The weakened economic situation and the planned production cuts at Nokia plant have created the need to rationalise operations and execute structural changes,” the company announcement said.

    “Our production volumes are lower this year than last year. The volumes will likely return back to growth next year, but the coming few years' growth can be managed with the existing unused capacity,” said Nokian Tyres CEO Ari Lehtoranta.

    “Russia has been able to avoid the worst case economic scenarios and the confidence in the market is gradually returning,” he added. “However, the situation is very volatile and in most retail segments the volumes have been very low, especially in the second quarter.”

    Despite the job cuts, the factory in Nokia “remains important not only for the volumes it produces but also in developing new products and production processes,” Mr. Lehtoranta added.

    Shahrzad Pourriahi is a reporter for European Rubber Journal, a United Kingdom-based sister publication of Tire Business.

    Related Articles
    Nokian eyes 3rd factory, plans expansion
    Consumer Reports names top tire brands
    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Goodyear to trim jobs amid 'uncertain' economic outlook
    2
    Goodyear to upgrade Cooper plant in China
    3
    Executives on the move: Hankook promotes key U.S. positions
    4
    Our View: Early look at tire industry in 2023
    5
    Yokohama secures OE fitments on 2023 Prius models
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • Instagram
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • BEST PLACES TO WORK
    • News
      • HUMANITARIAN
      • TIRE MAKERS
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • MERGERS & ACQUISITIONS
      • OBITUARIES
      • OPINION
      • MID YEAR REPORT
      • SERVICE ZONE
    • ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION