In reaction to poor car tyre demand in Europe, the company intends to adjust its production capacities, which do not concern the production of heavy tyres. As the company sells car tyres exclusively to the replacement market, the cost reduction need arises from this market segment.
05 Sep 2019
Lay-offs and short-time work at car tyre plant in Finland
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Lay-offs and short-time work at car tyre plant in Finland
Nokian Renkaat Oyj (NRE1:WBO) | 0 0 1.9% | Mkt Cap: 5,194m
- Published:
05 Sep 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
In reaction to poor car tyre demand in Europe, the company intends to adjust its production capacities, which do not concern the production of heavy tyres. As the company sells car tyres exclusively to the replacement market, the cost reduction need arises from this market segment.