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 IT-service provider Tieto has announced that it will cut 180 jobs in Finland. According to the source, the group will cut a further 50 jobs in Sweden and in other countries. The job reductions in Finland are mainly in the Helsinki region, on the sites in Tammerfors and Uleåborg. The sources reports that the job reductions are within the units 'Consulting and System Integration' and 'Product Development Services'. It is reported that the job reductions are an attempt to enhance efficiency in a competitive market. Tieto is now entering into negotiations with trade unions.
The ERM has reported on previous restructuring events at Tieto in 2012, 2013and 2013.
Eurofound (2014), Tieto, Internal restructuring in Finland, factsheet number 77144, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77144.