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.
Information technology company TietoEVRY has announced plans to cut 80/90 jobs in Sweden, as part of a global job cut encompassing 250 positions in the Transform business area (TietoEVRY-2022-WO). The company has initiated cooperation negotiations in Sweden. Job reductions will also take place in Finland (around 40 positions), Norway (around 20 positions) and India (around 110 positions). The company said that it aims to complete the restructuring by the end of October 2022, but the exact timeline will depend on the legislation in each country.
The internal restructuring is related to the current economic situation, which includes increased high productivity requirements and unprecedented costs and wage inflation.
TietoEVRY underwent internal restructuring also early this year (TietoEVRY-2022-SE), cutting 250 jobs in Sweden as part of a global restructuring encompassing 600 jobs in Nordic Coutries (TietoEVRY-2022-WO).
TietoEVRY is a leading Nordic technology company with the headquarter in Helsinki, Finland providing services to thousands of businesses and public-sector customers in over 90 countries. TietoEVRY employs 423 people in Sweden (in 2021) and 24,000 people globally.
Eurofound (2022), TietoEVRY, Internal restructuring in Sweden, factsheet number 107400, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107400.