Finland: Keitele Group lays off its staff due to insufficient orders

Finnish wood products manufacturer Keitele Group is laying off its staff. This is an exceptional action, as the company has been known for never laying off its personnel before in its operating history. According to Keitele Timber's CEO Matti Kylävainio, the layoffs concern Keitele Timber Oy and Keitele Wood Products Oy and will last a maximum of 90 days. "The order intake for the first quarter was insufficient. Before the layoffs, we have adjusted production by taking short-time holidays and winter vacations at the end of last year," Kylävainio tells Keskisuomalai. However, the ...