IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Tikkurila Plans Job Cuts

9:06 AM MST | November 24, 2011 | Ian Young

Paints and coatings company Tikkurila (Vantaa, Finland) has announced a group-wide restructuring that will result in up to 100 job cuts. Jobs will be lost across all of Tikkurila's personnel groups and functions. The company currently has about 3,700 employees, of whom about 750 are in Finland. The cuts are needed "to secure competitiveness in an uncertain and quickly changing market environment," Tikkurila says. The program targets "a more flexible organization and cost structure, as well as streamlining all operations," the company says...

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