Nokia, Finland - Nokian Tyres plc has cut 41 jobs at its passenger car tire production plant in Nokia in response to what it described as “the weakened car and tire markets.”
The employees that were made redundant primarily worked in the production, maintenance and testing activities, the Finnish tire maker said in a 23-Oct statement.
In addition to the cuts, Nokian will also continue temporary layoffs during the remainder of the year, and up to a maximum of 90 days in 2020.
Relocations inside the group are also under evaluation, which may decrease the total amount of reductions.
Nokian said it will offer support to the persons to be made redundant through “personalised outplacement coaching and training.”
The tire maker also emphasised that it would continue to invest in and develop the factory in Finland.
“A high-performing factory is vital for the product and process development, which enable Nokian Tyres to keep producing premium tires in Finland and ensure the company’s competitiveness,” the company statement concluded.