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 Institute for Health and Welfare, Terveyden ja hyvinvoinnin laitos (THL), is initiating coperation negotiations for their entire workforce, starting from 6th of March 2024 and proceeding for about two months. About 200 full-time employees are at risk of being made redundant (15% of THL’s current workforce).
The reorganisation of the institute is mainly a measure taken due to a state budget cuts, where the institute will receive €12 million less than their current expenses. Decreasing the workforce will not be sufficient, there is also a need for THL to revise their role, operations and tasks for the period of 2024-2027, to meet the budget cuts.
THL has previously gone through employment reductions, in 2014 the institute made 100 employees redundant where 44 were dismissals Terveyden ja hyvinvoinnin laitos 2014 - Finland
add bold textUpdated, 14/5/2024 The Finnish Institute for Health and Welfare, Terveyden ja hyvinvoinnin laitos (THL), will carry out 93 direct dismissals and 113 emloyees will retire or end their fixed-term contracts. In total, the institute be subjected to a staff reduction of 206 employees. According to an elected representative at the institution, it is believed that there will be further downsizing measures in the future, due to a decrease in external funds. There are concerns among the remaining staff, regarding the institute's crisis responsiveness.
Eurofound (2024), Terveyden ja hyvinvoinnin laitos, Internal restructuring in Finland, factsheet number 200909, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200909.