CGI Finland

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62.2 - Computer consultancy and computer facilities management activities
62.20 - Computer consultancy and computer facilities management activities
European Globalisation Fund (EGF)
Year: 2015, Case number: 5
270 jobs
Number of planned job losses
Job loss
Announcement Date
25 September 2014
Employment effect (start)
1 January 2015
Foreseen end date

Description

The Finnish branch of the global IT- and software consultancy firm CGI announced plans to cut up to 350 jobs. As reported, the co-determination procedure was launched and the job reduction measure will start taking place by the end of 2014.

The restructuring is explained by the general economic situation with slow growth in the IT- and software consultancy sector and the high competition.

CGI operates in 40 countries with a total of 70,000 employees worldwide. The company established its Finnish branch in 2012 when it acquired the Finnish company Logica.

Update 14-11-2014: CGI announced that the outcome of the procedure was the reduction of 270 jobs rather than the initial estimate of 350. 

Sources

  • 25 September 2014: CGI Finland (Press Release)
  • 14 November 2014: Helsingin Sanomat
  • 25 September 2014: Itviikko

Citation

Eurofound (2014), CGI Finland, Internal restructuring in Finland, factsheet number 77619, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77619.