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.
HCL Technologies, an Indian ICT service provider, has announced redundancies of up to 140 employees from its units in Finland. The company is starting mandatory negotiations in early July and expects them to last until the end of August. Subject to negotiations are 209 employees, which mobile phone maker Nokia outsourced to HCL in March. This has raised criticism that Nokia outsourced job cuts to others.
Eurofound (2013), HCL Techologies, Internal restructuring in Finland, factsheet number 75572, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75572.