Home / News / Suominen to permanently close Mozzate plant in Italy

Suominen to permanently close Mozzate plant in Italy

16 Apr '23

1 min read

Pic: Suominen Corporation

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Finnish manufacturer Suominen Corporation has completed the consultation procedure concerning its plan to permanently close manufacturing at its Mozzate plant in Italy.
The closure will result in the termination of employment for 54 employees, with an estimated one-off expense of €2.3 million to be recognised in the second quarter of 2023.

Suominen Corporation has completed the consultation procedure with local trade unions regarding its plan to permanently close manufacturing at its Mozzate plant in Italy. The company initially announced the plan on January 10, 2023, with the intention of ending production during the second quarter of 2023.

Following the completion of the consultation process, Suominen will proceed with the closure, resulting in the termination of employment for 54 employees at the Mozzate plant, the company said in a media release.

The company will incur a one-off expense of approximately €2.3 million, which will be recognised in the second quarter of 2023.

Suominen manufactures nonwovens as roll goods for wipes and other applications.

Fibre2Fashion News Desk (KD)

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