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

234 jobs
Number of planned job losses
Job loss
Announcement Date
21 September 2005
Employment effect (start)
Foreseen end date
1 September 2006

Description

On 21 September 2005 the data communications group Finnet, issued to start codetermination negotiations in order to cut jobs by 300. The direct dismissals are estimated to be 180 and the rest of the cuts will be carried out through outsourcing.

On 14 November 2005 Finnet informed of the closed codetermination negotiation round. As a result of the process the number of direct dismissals was cut to 84. In addition to this the personnel will diminish by 150 due to outsourcing of activities.


Sources

  • 21 September 2005: Helsingin Sanomat
  • 14 November 2005: Helsingin Sanomat

Citation

Eurofound (2005), Finnet, Internal restructuring in Finland, factsheet number 62263, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62263.