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.
Tieto Sweden, IT services provider, is to let go of 110 employees in Umeå, Skellefteå, Luleå and Karlstad due to weaker market demand. The reductions are distributed on 65 jobs in Karlstad, 34 in Umeå and Skellefteå and 10 in Luleå. Jobs will be lost in a wide range of positions, but mainly in software development.
Tieto Sweden is a subsidiary of the Finnish Tieto Oy, a major player in IT services in Northern Europe. In March 2012, Tieto announced a global restructuring plan, affecting 300 jobs in Sweden and 1,300 jobs globally. The case is covered here.
Negotiations are presently taking place and the reductions will be implemented in the beginning of 2013.
Eurofound (2012), Tieto Sweden, Internal restructuring in Sweden, factsheet number 74707, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74707.