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.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65.12 - Non-life insurance
122 jobs Number of planned job losses
Announcement Date
30 December 2014
Employment effect (start)
30 December 2014
Foreseen end date
Description
Finnish non-life insurance company IF P&C has concluded employer-employee negotiations concerning 340 employees. The outcome is the loss of 122 jobs. Of these 73 will be through voluntary measures, 44 through pension arrangements and 5 direct dismissals. IF will concentrate its telephone services operations to Turku and Espoo, and centers in Tampere, Kuopio, and Oulu will be closed.
IF P&C employs a total of 1,742 people in Finland, and has 16 offices servicing private customers and 20 sales offices throughout Finland.
Sources
30 December 2014: www.taloussanomat.fi
Citation
Eurofound (2014), IF P&C, Internal restructuring in Finland, factsheet number 78045, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78045.
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