Oriola

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Wholesale / Retail
46 - Wholesale trade
46.4 - Wholesale of household goods
46.46 - Wholesale of pharmaceutical and medical goods
60 jobs
Number of planned job losses
Job loss
Announcement Date
20 January 2015
Employment effect (start)
Foreseen end date

Description

Pharmaceutical distribution company, Oriola, has initiated cooperative negotiations with its employees in Finland which are expected to lead to the loss of 50-65 jobs. Oriola employs a total of 505 people in Finland. The restructuring is needed to increase profitability in order to face the tougher competition on the global market.

Update, 16-03-2015: Oriola has concluded its employer-employee negotiations and will cut 60 jobs. 

Sources

  • 20 January 2015: Taloussanomat
  • 16 March 2015: Oriola (Press Release)

Citation

Eurofound (2015), Oriola, Internal restructuring in Finland, factsheet number 78161, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78161.