Suunto reportedly plans to cut 74 percent of jobs in Finland
Around 118 positions could be eliminated, with research, development and production staff facing cuts while management is not targeted.
Suunto is reportedly preparing to eliminate around 118 jobs in Finland, representing 74 percent of its workforce there. Notebookcheck, citing Finnish magazine Helsinigin Sanomat, reported that the smartwatch and outdoor equipment maker had notified its remaining roughly 160 employees in the country about the planned layoffs.
The proposed reductions would mainly affect production staff and employees working in research and development, rather than management. Suunto Finland is reportedly continuing discussions with its Chinese owner, Liesheng, to determine which positions would be removed.
Liesheng, a wearable-device manufacturer, acquired Suunto in 2022. Since the takeover, a growing portion of Suunto's development and manufacturing work has shifted to China as part of efforts to lower costs.
In 2024, Liesheng announced plans to transfer all production to China. Suunto was established in Finland in 1936 and has carried out product development and manufacturing in the country since its founding.
