Restructuring events
European Restructuring Monitor (ERM)
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.
YIT Teollisuus, a Finnish subcontractor of YIT Group, has announced plans to lay off up to 350 employees.
YIT Teollisuus has begun mandatory negotiations with employee representatives on the proposed cuts. The negotiations are set to conclude on August 22. Cuts need not all be dismissals, but relocations within the group and retirements are options.
YIT Teollisuus provides various technical services for manufacturing and construction companies. The company states that the demand for its services has declined.
Eurofound (2011), YIT Teollisuus, Internal restructuring in Finland, factsheet number 72110, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72110.