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.
IT service company Tieto is to cut 180 jobs in Sweden.
With this measure, Tieto seeks to cut over-capacities in order to increase competitiveness and meet its long-term financial targets. The job dismissals in Sweden are part of a larger restructuring initiative that is also to affect Tieto’s Finnish workforce.
Negotiations with the labour unions have started and it is not yet clear where the restructuring will take place geographically in Sweden.
Tieto is headquartered in Finland and employs close to 18,000 staff in nearly 30 countries. For previous restructuring cases announced by Tieto Sweden in 2012 see 2012/1 and 2012/2.
Eurofound (2013), Tieto, Internal restructuring in Sweden, factsheet number 76015, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76015.