Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
John Deere, a global manufacturer of agricultural and forestry machinery, has concluded co-operation negotiations and will dismiss at least 65 blue-collar workers, employed at the Joensuu production unit located in eastern Finland.
The number of dismissed employees is significantly lower than the initial estimations of 190 employees. However, the number might still increase as co-operation negotiations over the job prospects of white-collar employees are still ongoing.
According to the company, restructuring is needed because the market has slowed down as a result of the COVID-19 pandemic.
A local trade union representative says that they had hoped the company would use temporary layoffs instead of dismissing employees.
John Deere employs 760 workers in Finland and 420 of them are employed at the Joensuu production unit.
Eurofound (2020), John Deere, Internal restructuring in Finland, factsheet number 102199, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102199.