The order books of companies in technology industry are continuing to shrink at a rapid clip
The order book of technology industry companies continues to thin at a brisk pace, and the number of layoffs has increased significantly, according to a recent order book and personnel survey. It is comforting that the severe drop in new orders during the third quarter did not repeat at the end of the year.
The lastest data on the order intakes and demand development of Finnish technology industry companies predict a still challenging early year for Finland’s economy. The turnover of companies in the sector is still expected to decline in the next six months. The number of employees, which reached a record high a year ago, has started to decrease, and the number of layoffs has grown significantly, reports the Technology Industries of Finland’s recent order book and personnel survey.