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.
Tieto Estonia, a subsidiary of the Finnish IT-company, will shed 180 jobs from their international support service centre by the end of September 2021. It is a result of internal restructuring which is motivated by the merger between two companies: the Finnish company Tieto and the Norwegian company EVRY. 160 jobs will be relocated to Finland, 10 to Latvia and 10 to Czechia. As the Estonian centre provides support services mostly to clients speaking Finnish and Swedish, a number of employees have been recruited from Finland and Sweden to Estonia. Therefore it is made possible by the company for the employees to move with their job from Estonia to Finland. The company will also try to find new jobs for those losing their current job inside the company and they will also provide career counselling services to those affected.
The international support service centre in Estonia was established in 2015.
Eurofound (2021), Tieto Estonia, Offshoring/Delocalisation in Estonia, factsheet number 103026, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103026.