YIT has announced its decision to lay off a maximum of 120 employees in Finland.
The construction company tells that the lay-offs are necessary to reduce overlap and streamline operations following its consolidation with Lemminkäinen, another major construction company in Finland, in early February, 2018.
An equivalent number of employees will leave the combined company through natural attrition – due to retirements and the non-renewals of fixed-term employment contracts, for example. YIT states in a press release that the staff reductions will have no impact on white- and blue-collar employees at its construction sites in Finland.
Kari Kauniskangas, the CEO of YIT, says the re-organisation of the new company is progressing on schedule, pointing out that the lay-offs were not as extensive as initially expected due to internal transfers made to satisfy rising labour demand in the construction industry.
“We also support those employees who cannot be offered a position in our new organisation, by for example offering tailored coaching promoting re-employment,” he says.
YIT, he adds, will continue the re-organisation process by building its new team with a united and strong corporate culture as well as a high level of professionalism and service capabilities. The re-organisation is also expected to result in reductions of up to 200 positions in other countries of operation, mainly in Russia, according to the press release.
Aleksi Teivainen – HT
Photo: Viena Kytöjoki – Lehtikuva