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.
Government IT Centre Valtori is planning job cuts and has initiated cooperation negotiations. The negotiations may lead to the dismissal of up to 160 people and material changes to the terms and conditions of employment. All Valtori employees, 1,660 people in total, are within the scope of the collective consultation process, which started on 5 November, 2024.
Valtori gets most of its’ revenue from billing other government bodies, which are facing budget cuts. Thus, Valtori is preparing itself for a reduced revenue stream and thus cutting costs by letting go personnel.
Valtori operates across 25 locations in Finland.
Update, 2025-01-22
Valtori has concluded cooperation negotiations and the maximum number of dismissals has been reduced from 160 to 138. There is still ongoing investigations on whether new job descriptions can be offered to employees facing redundancy.
Eurofound (2024), Valtori, Internal restructuring in Finland, factsheet number 201878, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201878.