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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58 - Publishing activities
36 jobs Number of planned job losses
Announcement Date
6 November 2006
Employment effect (start)
1 January 2007
Foreseen end date
Description
The media businesses Talentum Media Oy and Talentum Oyj have concluded the personnel negotiations started in early November. As a result of reorganising and rationalising the group services, 25 employees will be made redundant and Talentum's subscription service will be outsourced, which affects 11 employees.
Talentum Media Oy and Talentum Oyj started personnel negotiations concerning reduction of personnel which are affecting all of the 330 employees at the companies.
Negotiations started on November 13, 2006, targeting equivalent cuts to the costs of about 35-45 employees. The personnel costs were to be cut by redundancies, terminating short-term employment contracts and through early retirement. The cuts should be fully effective in early 2007.
The purpose of these actions was to ensure competitiveness and adequate profitability in the current market situation.
Talentum Group's turnover in 2005 was 103 million euro and the number of employees in Finland, Sweden and in the Baltic states is about 1,000.
Sources
15 December 2006: www.talentum.fi
7 November 2006: Uutispäivä Demari
Citation
Eurofound (2006), Talentum, Internal restructuring in Finland, factsheet number 64395, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64395.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
