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.
The IT consulting company CGI Finland is initiating employer-employee negotiations with the intention of reducing up to 240 employees. The dismissals are motivated by tightening competition, digitalisation, changing client demands and the weak growth of the Finnish IT service market necessitating lower costs and a reform of the service production. The company has also decreased subcontracting and is carrying out a cost savings programme. Mechanical work will be moved to countries with lower labour costs.
The negotiations concern all of the company's 3,200 employees in Finland, as well as the employees of CGI Finland's associated company eFennia. There are a total of 17 offices around the country, of which the Helsinki office with its 1,400 employees is the largest. It is not yet known where the job reductions will be directed, but the company aims at keeping all the offices open.
Updated, 10/10/2016;Following the conclusion of the employer-employee negotiations, it was announced on 30 September 2016 that 215 employees will be made redundant at CGI Finland. The amount of redundancies were reduced by identifying retraining and supplementary training opportunities within the company. Additionally fewer pensions schemes than anticipated will be put into effect.
Eurofound (2016), CGI Finland, Internal restructuring in Finland, factsheet number 88384, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88384.