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.
SpareBank 1 Utvikling, IT services provider to the Norwegian SpareBank 1 savings bank alliance, announced 90 job cuts - including 50 permanent employees and 40 consultants - across its organisation in Norway. The company cites sustained ~10% annual cost growth since 2022, overlapping roles and overcapacity as reasons for the downsizing; employees were informed at an all-hands meeting on Monday, 13 October 2025, with individual notifications 16 October 2025, with consultation meetings to follow. Management aims to handle the reductions primarily through voluntary severance and internal redeployment, while indicating that forced redundancies may be needed if voluntary exits are insufficient.
Employee representatives from unions HK, Finansforbundet and Tekna report that the news came unexpectedly, call for applying the seniority principle, favour cutting consultant use over layoffs of permanent staff, and argue that earlier reskilling could have mitigated the need for cuts. Management states it will closely support affected staff. SpareBank 1 Utvikling supplies IT services to the SpareBank 1 alliance and reported 537 employees and 244 consultants prior to the restructuring.
Eurofound (2025), Sparebank 1 Utvikling, Internal restructuring in Norway, factsheet number 203630, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203630.