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 rail group VR has initiated employer-employee negations concerning 300 people in stock maintenance. VR aims to cut a maximum of 100 jobs. The restructuring is motivated by a decrease in revenue during the first quarter of 2015. The decrease in revenue was affected by, among other factors, increased competition from public infrastructure and transportation actors.
The VR Group employs a total of 9,500 people in Finland. In 2014 ERM reported on the closure of VR Track, part of the VR Group, due to bankruptcy. The group also conducted an internal restructuring that led to the loss of 98 jobs in 2012.
Eurofound (2015), VR, Internal restructuring in Finland, factsheet number 79427, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79427.