News: Marimekko to close its factories in Finland

Marimekko’s own production has always been a central aspect of creating and developing its Nordic signature design, with three factories in Finland: the fabric printing works in Helsinki, the clothing factory at Kitee, and the bag factory in Sulkava. At present, Marimekko’s own plants has produced almost half of all the products sold by the company.

Marimekko stated in their press release this May that the negotiations, initiated in March 2013 by Marimekko
Corporation on potential permanent staff reductions concerning the personnel of its manufacturing operations and the adjacent factory outlets located in Sulkava and Kitee, Finland, has led to the result that Marimekko is to close its production plants in Kitee and Sulkava as well as their adjacent factory outlets. This will affect 60 jobs in total.
The reductions in staffing and other actions to be effected are expected to bring an approximate total of EUR 1.0 million in annual cost savings. The aim is to increase profit and to secure business competitiveness in the future.
© Marimekko

Marimekko is a Finnish textile and clothing design company, founded in 1951, renowned for its original prints and colours.

Source: Wall Street Jouneral.