Restructuring events
European Restructuring Monitor (ERM)
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.
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. Some operational tasks to foreign subsidiaries, such as in Tallinn, in Estonia.
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.
Eurofound (2015), Tieto, Internal restructuring in Finland, factsheet number 78099, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78099.