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.
University of Eastern Finland (Itä-Suomen yliopisto) in Joensuu has initiated employer-employee negotiations with the aim of cutting 200 jobs. The university has to save €7–9 million Euro following reduced funding from the Finnish Government. The negotiations concern all university administrative and supportive personnel as well as a range of faculty. The negotiations concern 1,200 employees in total. Job reduction measures may take the form of early retirements, direct dismissals as well as temporary lay-offs and non-extension of current contracts.
The Finnish government is in total reducing the grants to the Finnish universities by €600 million during 2016-2020, leading to redundancies at many of the 14 Finnish universities. The ERM has reported on ongoing employer-employee negotiations at Aalto University, Åbo Akademi, the University of Helsinki and Lappeenranta Univeristy of Technology.
Eurofound (2015), University of Eastern Finland, Internal restructuring in Finland, factsheet number 86010, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86010.