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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.2 - Support activities for transportation
450 jobs Number of planned job losses
Announcement Date
4 February 2011
Employment effect (start)
Foreseen end date
Description
Finnair Tekniikka, the maintenance unit of Finnish airline Finnair, announced plans to cut up to 450 jobs.
Finnair Tekniikka is starting mandatory negotiations with employee representatives. It plans to stop selling maintenance services to outside clients and focus on servicing its own fleet. According to Finnair Tekniikka, it cannot compete with outside providers of maintenance services.
Negotiations are taking place between Finnair Tekniikka and five unions. A representative of one of the unions described worker's reactions as "confused and disappointed." In his view, employees have "done their share in order to keep their jobs."
Sources
4 February 2011: YLE Internet News
4 February 2011: Taloussanomat
Citation
Eurofound (2011), Finnair Tekniikka, Internal restructuring in Finland, factsheet number 71567, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71567.
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