IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Tikkurila Details Job Cuts

10:30 AM MST | January 16, 2012 | Ian Young

Paints and coatings company Tikkurila (Vantaa, Finland) has confirmed details of previously announced workforce reductions in Finland. The company says it will cut 62 jobs in Finland, having said last November that it would cut up to 100 jobs there. Tikkurila had a total workforce of 3,700 in 2011, of whom about 750 were in Finland. The restructuring is expected to result in one-off costs of €1.5 million-€2 million for Tikkurila in 2012, the company says. The anticipated financial benefits of the measures were not disclosed. Meanwhile, Tikkurila has...

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