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 Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58.2 - Software publishing
198 jobs Number of planned job losses
Announcement Date
28 August 2015
Employment effect (start)
Foreseen end date
Description
Finnish game developer, Rovio Entertainment, has announced plans to cut up to 230 positions in Finland out of a total workforce of 260 .
The planned reduction amounts to more than a third of the company's entire workforce. The aim is to restructure and concentrate the company's activities on games, media and consumer products. The company CEO stated that, while 2015 has been a good year for the company, "[...] fundamental changes are needed to ensure Rovio succeeds in its global ambitions to be the leading entertainment company with mobile games at its heart".
In 2014, the ERM reported on another restructuring case at Rovio, with 110 redundancies.
Update 2015-11-04: Rovio Entertainment has concluded employer-employee negotiations and decided to cut 198 jobs in Finland and 15 jobs abroad.
Sources
26 August 2015: HBL.fi
26 August 2015: Forbes.com
21 October 2015: tivi.fi
Citation
Eurofound (2015), Rovio Entertainment, Internal restructuring in Finland, factsheet number 84516, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84516.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
