Type
Internal restructuring
Country
Finland
Region
Location of affected unit(s)
Sector
Administrative Services
Security And Investigation Activities
Private Security Activities
80.10 - Private security activities

150 jobs
Number of planned job losses
Job loss
Announcement Date
7 August 2012
Employment effect (start)
1 October 2012
Foreseen end date

Description

Turvatiimi, provider of security services, has announced redundancies of up to 150 employees, starting during the last quarter of 2012. The company is opening negotiations with employee representatives on the proposed cuts.

Turvatiimi announced redundancies as it reported a disappointing financial result for the first half of 2012. The company seeks to save 2 million Euros. It cites tightening competition as well as increased fuel prices and labour costs as reasons for the cuts.


Sources

  • 7 August 2012: YLE News
  • 7 August 2012: Turvatiimi announcement
  • 7 August 2012: Taloussanomat

Citation

Eurofound (2012), Turvatiimi, Internal restructuring in Finland, factsheet number 73989, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73989.