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.
Aalto University in Esbo, Finland, has initiated employer-employee negotiations aiming to cut up to 350 jobs. Negotiations concern all employees except for professors, in total 4100 employees are concerned by the negotiations. The reason for the internal restructuring is reduced funding from the Finnish government. Grants have been lowered by €66 million for the period 2016-2018 . The university board is to save €37 million, €17 million is to be saved by lowering costs for facilities and acquisitions and €17 million through reduction of staff. More external grants are being sought as well.
The ERM has reported on previous internal restructuring at Aalto University in 2014 when 124 jobs were cut.
Update 3/2/2016:Following concluded employer-employee negotiations a total of 320 job positions will be cut. 190 employees will be directly dismissed and the remaining 130 positions will be cut by retirements and non-renewal of current contracts.
Sources
9 November 2015: Company press release
9 November 2015: Svenska YLE
18 January 2016: Hufvudstadsbladet (HBL)
Citation
Eurofound (2015), Aalto University, Internal restructuring in Finland, factsheet number 86005, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86005.
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.
