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Production at plant to end in the second quarter
April 14, 2023
By: Tara Olivo
Suominen announced on January 10, 2023, that it will start consultation with local trade unions regarding a plan to permanently close manufacturing at its Mozzate, Italy, plant. According to the plan, the production would end during the second quarter of 2023. Suominen has now completed the consultation procedure. Following the completion of the process, Suominen will move forward with its plan which will lead to closure of manufacturing and termination of employment of 54 employees in Mozzate. The terminations will incur an approximately €2.3 million one-off expense that will be recognized in the second quarter of 2023.
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