Tikkurila to layoff 163 at Vantaa site

The conclusion of Tikkurila's co-determination negotiations in Finland will result in a personnel reduction at the paint makers Vantaa site of 163, with 13 employees being made redundant. The majority of personnel reductions will be achieved by the non-renewal of temporary employment contracts and by means of pension arrangements and a voluntary package offered to personnel. When the co-determination negotiations were launched, it was estimated that the savings program, involving the entire Tikkurila Group, might lead to a reduction of approximately 200 persons in Finland.