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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58.19 - Other publishing activities
74 jobs Number of planned job losses
Announcement Date
15 September 2014
Employment effect (start)
Foreseen end date
Description
On 15 September 2014 Finnish broadcasting company YLE initiated negotiations in order to cut 185 positions. The negotiations affect the fact and fiction, media production and publishing departments. News, current events and the sport sections are excluded from the negotiations.
According to YLE, the company must cut back on their spending in order to adapt to the public service tax not being index adjusted this year, which has led to a €10 million deficit. At the same time, Yle is planning to invest more on the web. New operating models will be introduced and the content and services will be renewed to adapt to changing demand for media services by their customers.
The statutory negotiations will begin on 22 September 2014 and will affect around 1,000 people in total, a third of Yle's total work force (3,600). Yle is a state owned public service publishing and broadcasting company that operates 4 Tv-channels, 6 national radio-channels, 25 local radio-channels and the online newspaper yle.fi. In 2005Yle conducted similar negotiations to cut 400 jobs.
Updated,13-11-2014: YLE announced that the outcome of the negotiations was that the company will make 74 employees redundant, rather than the initial estimate of 185. The bulk of the cut, 50 positions, will be from production units.
Sources
13 November 2014: Helsingin Sanomat
15 September 2014: Hufvudstadsbladet
Citation
Eurofound (2014), Yle, Internal restructuring in Finland, factsheet number 77559, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77559.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
