The country's oldest company, Fiskars Group, has announced plans to cut up to 60 jobs at its operations in Finland. The firm plans a broader reduction of 220 workers globally, according to a press release issued Monday.
Fiskars launched a restructuring programme last month, with an aim to reduce costs by 20 million euros annually.
"The planning of the new organisational design has progressed and is expected to lead to a net reduction of approximately 220 employees in office roles globally," the company says.
Employer-employee consultations are scheduled to commence next week, and will cover a total of 467 employees who work in office roles.
"The possible reduction of employees is estimated to affect maximum 60 employees in Finland. During the consultation process, also a number of new roles are expected to be created," the release stated.
The job cuts will not affect employees in roles including retail sales, manufacturing and at distribution centres, according to the company.
Fiskars Group President and CEO, Jaana Tuominen, said the restructuring would strengthen the company's competitiveness.
"While these actions will ensure opportunities to invest in our future, they are hard given the expected impact on our employees. We will support our employees throughout the process and will communicate transparently and inclusively," Tuominen said in the release.
At the end of Q3 2019, Fiskars Group employed around 7,300 people in 30 countries, 1,100 of whom work in Finland.
Best known for its Fiskars orange-handled scissors and garden tools, the Fiskars Group's brands include Gerber, Iittala, Royal Copenhagen, Waterford, and Wedgwood.
Founded in 1649, Fiskars is the country's oldest business that remains in operation.
