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 food and dairy company Valio will start cooperation negotiations that threaten to eliminate up to 130 positions at the company's Helsinki headquarters.
The cooperation negotiations are going to affect the Finnish headquarter's functions, technical services, maintenance, and factory services. In addition to the potential redundancies, they will be centered around changes of conditions of contracting, and include changes to the content of tasks and job depictions of 135 employees.
The underlying circumstance is the current global economic situation which has affected Valio’s businesses and productions for a long period of time.
Valio employs 4,300 people globally, of which 3,700 in Finland.
Valio has previously undergone internal restructuring in 2014 with a reduction of 100 jobs from Valio's head office in Helsinki [Valio-2014]. In 2015, Valio let 182 employees go at the Helsinki headquarters [Valio-2015].
Eurofound (2024), Valio, Internal restructuring in Finland, factsheet number 200715, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200715.