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.
Public Administration / Defence 84 - Public administration and defence; compulsory social security 84.2 - Provision of services to the community as a whole 84.2 - Provision of services to the community as a whole
320 jobs Number of planned job losses
Announcement Date
8 January 2014
Employment effect (start)
16 February 2014
Foreseen end date
31 December 2014
Description
The town of Kouvola has announced that it will reduce its workforce by at least 320 employees by the end of 2014. As reported the town seeks annual savings of EUR 20 million. Further job cuts have not been ruled out.
Sources
8 January 2014: YLE News
Citation
Eurofound (2014), Kouvola, Internal restructuring in Finland, factsheet number 76440, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76440.