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 battery manufacturer Ioncor has initiated cooperation negotiations which may result in the dismissal of 240 staff, out of which 170 in Finland. Production in both Salo and Uusikaupunki is comprised by the cooperation negotiations. Employees in Germany are also affected.
Ioncor states that the restructuring may result in temporary layoffs, dismissals, as well as changes in employment contracts and work content.
In 2024, Ioncor branched out from the car manufacturer Valmet Automotive and became its own company. Ioncor has approximately 1,000 employees.
Eurofound (2025), Ioncor, Internal restructuring in Finland, factsheet number 202358, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202358.