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.
Finnish pharmaceutical and healthcare products distributor Oriola announced its plan to cut up to 130 jobs in Europe. The programme’s aim is to reorganise and streamline the company’s organisation as well as to improve its profitability.
The company has started employer-employee negotiations, that will cover approximately 600 employees in Finland and Sweden. Production employees in distribution and dose-dispensing businesses, staffing services employees in Finland and pharmacy employees in Sweden will be not affected by the programme.
According to the company, the envisaged reduction of up to 130 jobs would generate annual cost savings of at least €7 million.
Being active for more than 100 years, Oriola provides health and wellbeing products across Finland and Sweden. Currently, the company employs 4,300 people across these countries.
Eurofound (2021), Oriola, Internal restructuring in European Union, factsheet number 105400, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105400.