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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.2 - Manufacture of computers and peripheral equipment
39 jobs Number of planned job losses
Announcement Date
2 April 2014
Employment effect (start)
2 April 2014
Foreseen end date
Description
Finnish partly state-owned security and defence contractor Patria has announced 39 job losses in its System Business Unit. As reported, the job reduction measure is a result of a decline in demand for its products. Negotiations between employers and unions have now concluded. The job cuts will be reached through terminations, layoffs and retirement. The ERM has reported on previous restructuring events at Patria in 2005 and 2014.
Sources
2 April 2014: Keskisuomalainen
Citation
Eurofound (2014), Patria System Business, Internal restructuring in Finland, factsheet number 76849, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76849.
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