Patria System Business

Type
Internal restructuring
Country
Finland
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
39 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/76849.