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.
Finnish beverage producer Hartwall plans to cut up to 140 jobs. As reported, the company has started negotiations with employee representatives on the proposed cuts and the restructuring could commence in April 2014.
According to the company, the cost cutting measure is linked with the increased alcohol tax and a boost in alcohol imports from neighbouring Estonia. Employee representatives expressed surprise and shock over the proposed plan.
Hartwall is headquartered in Helsinki and its main production facility is in Lahti. For a previously reported restructuring event see Hartwall-2005.
Updated, 18-03-2014: Hartwall has concluded negotiations and confirmed the loss of 110 jobs.
Eurofound (2014), Hartwall, Internal restructuring in Finland, factsheet number 76480, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76480.