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.
Electricity Electricity, gas, steam and air conditioning supply Electric power generation, transmission and distribution 35.14 - Distribution of electricity
65 jobs Number of planned job losses
Announcement Date
12 January 2015
Employment effect (start)
Foreseen end date
Description
Finnish electricity distribution company Caruna has initiated negotiations to cut 65 jobs in order to revise the operative structures of the company that were inherited from previous management under Fortum then acquired by Caruna.
The negotiations have received criticism from the union PRO that suggests the restructuring is conducted for the sake of improved profits for investors rather than for the needs of the company.
Caruna employs 340 people in Finland and holds a 20 pc market share of Finland’s local electricity distribution.
Sources
12 January 2015: lansivayla
Citation
Eurofound (2015), Caruna, Merger/Acquisition in Finland, factsheet number 78100, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78100.
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