Finnish newspapers report this morning that the parent company of Suomityres has filed for a company restructuring program. Suomityres is the manufacturer of various car and bike tyres, among them the Nokian Hakkapeliitta studded winter tyres. I could not find an English source for the news yet.
During the program they get a moratorium (8-10 months) on paying their debts. An independent ombudsman of sorts will be appointed to draft a plan on how to restructure the business to make it profitable again, and how to pay the outstanding debts once the moratorium expires. As far as I can tell the whole process is pretty much the equivalent of Chapter 11 in the US.
Apparently the Hakkapeliittas were not expensive enough after all. Hope they pull through. The company's spokesman is very optimistic, but I guess that's what he gets paid for.