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.
The Finnish electricity production company, Helen, plans to cut up to 320 job positions. The company starts co-operation negotiations with over 400 employees involved. The reason for the planned job cuts is the company’s cessation of its coal production at the Salmisaari plant. The power plant is in the western part of Helsinki. According to Helen’s press release, the company’s original plan was to achieve the decommissioning of coal at the Salmisaari power plant in 2029, but now the intention is to anticipate it by 1 April 2024. The company has been committed to a transition to carbon neutrality for years.
Helen Ltd is owned by the City of Helsinki and is one of the biggest producers and distributors of energy in Finland with over 550,000 customers all over the country. Helen will announce the plans for Salmisaari power plant after the Board’s decision in December-January.
Eurofound (2021), Helen , Internal restructuring in Finland, factsheet number 105556, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105556.