Finnish textile manufacturer Suominen has concluded consultative redundancy talks and will drop 76 jobs from the payroll at its Nakkila plant in Satakunta.

The staff cuts will also affect workers in administration and support services. The company has also decided to shut down the factory production line in an effort to boost profitability at the plant.

In May the company had announced that it would have to axe 86 jobs, however the number was reduced following the joint talks. Suominen currently employs 166 workers in Nakkila.

The majority of staff reductions will come by way of outright job cuts during the summer. The company announced that the closure of thermobond production and one spunlace line will result in a three-million euro write down, which will have no cash effect.

The restructuring changes in Nakkila are part of a wider profitability programme targeting cost savings of about two percent of net sales this year.