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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
60 jobs Number of planned job losses
Announcement Date
22 October 2003
Employment effect (start)
Foreseen end date
1 March 2004
Description
The Finnish exchange operator Hex has annnounced to start cooperation talks with its personnel in order to cut 60 jobs. This is due to its merger with the Swedish service provider OM Technology to form OMHEX, a provider of marketplace services and solutions for the financial and energy markets in Northern Europe. Most of the job cuts will be within the technical activities.
Sources
22 October 2003: Helsingin Sanomat
Citation
Eurofound (2003), Hex, Merger/Acquisition in Finland, factsheet number 59838, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59838.
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