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 logistics company Tuko Logistics has initiated employer-employee negotiations aiming to cut 240 jobs. The redundancies are due to Tuko loosing its largest client, Suomen Lähikauppa, to competing company Kesko. Plans are to cut 80 clerical jobs and 160 warehouse jobs. The CEO has stated that the company intends to seek out contracts with new clients to replace Suomen Lähikauppa. If Tuko Logistics can attract a new large client the estimated redundancies might be revised.
Update 13/6/2016:Following concluded employer-employee negotiations Tuko Logistics will cut 215 positions, compared with 240 positions that were initially announced. Tuko Logistics will begin the dismissals on June 13th.
Eurofound (2016), Tuko Logistics, Internal restructuring in Finland, factsheet number 87469, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87469.