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 software development company Fujitsu Finland concluded change negotiations, which will result in the termination of 158 jobs. In addition, the company announced temporary layoffs of 20 persons. In the change negotiation process, staff reductions were brought down from the original estimate of 190 direct dismissals. The parties to the negotiations have also identified twelve positions that could potentially be filled by staff at the risk of redundancy.
The change negotiations followed a 10% drop in turnover in 2023 and the need for restructuring was announced in June 2024. Fujitsu Finland previously implemented temporary layoffs of 1,222 staff between November 2022 and March 2023.
Fujitsu Finland, a subsidiary to the multinational Fujitsu Services Holdings, had 1,517 staff at the end of 2023.
Eurofound (2024), Fujitsu Finland, Internal restructuring in Finland, factsheet number 202207, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202207.