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 Information Service Activities Information Service Activities 63 - Information service activities
117 jobs Number of planned job losses
Announcement Date
18 September 2014
Employment effect (start)
1 January 2015
Foreseen end date
Description
Multinational communications technology provider Ericsson is closing down its modem production in Finland making 120 positions redundant. The restructuring will affect 90 employees at the facility in Turku and 30 employees in Oulu. The decision will affect Ericsson employees at other sites around the world. The decision is a result of the decreasing profits on modem products compared to more modern communication products.
Ericsson employs a total of 1,000 people in Finland. Globally the company employs over 115,000 people.
Update 12-11-2014: The negotiations were finished on 12 November 2014. The outcome was that Ericsson will cut 117 employees. The reductions will be carried out gradually, beginning the first quarter of 2015.
Sources
18 September 2014: YLE
12 November 2014: Taloussanomat
Citation
Eurofound (2014), Ericsson, Internal restructuring in Finland, factsheet number 77577, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77577.
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.
