Type
Internal restructuring
Country
Finland
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

190 jobs
Number of planned job losses
Job loss
Announcement Date
19 August 2003
Employment effect (start)
Foreseen end date
1 May 2004

Description

In late August, Elisa started cooperation talks with the personnel in order to cut jobs. According to the company management, the profitability is not adequate. It will be improved by rationalising administration and centralising management. 190 jobs will be threatened by May 2004.

7th October 2003

Elisa has ended the cooperation talks with the

personnel. As a result of these talks, altogether 135 jobs will disappear. 70 permanent employees will be made redundant. Other restructuring measures include ending of fixed-term contracts and pension arrangements.


Sources

  • 7 October 2003: Helsingin Sanomat

Citation

Eurofound (2003), Elisa, Internal restructuring in Finland, factsheet number 59754, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59754.