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 Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.02 - Computer consultancy activities
European Globalisation Fund (EGF)
Year: 2015, Case number: 5
435 jobs Number of planned job losses
Announcement Date
13 January 2015
Employment effect (start)
13 January 2015
Foreseen end date
Description
Finnish IT product development and consultation services company Tieto has started employer-employee negotiations concerning 500 positions in Finland. The negotiations have been called as a response to the increased level of digitalization of Tieto’s operations, which has changed the needs of the company’s clients. Tieto is simultaneously negotiating to cut 340 further positions outside of Finland, mainly in Sweden and the Czech Republic.
Tieto employs around 4,000 people in Finland and 14,000 globally.
For previous restructuring events by Tieto see 2013, 2014a, 2014b and 2014c.
Updated 2015-03-17: The outcome of the negotiations was a reduction of a total of 435 jobs from Tieto.
Sources
13 January 2015: Yle Uutiset
13 January 2015: Iltalehti
16 March 2015: Yle Uutiset
Citation
Eurofound (2015), Tieto, Internal restructuring in Finland, factsheet number 78099, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78099.
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