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 savings bank Oma Säästöpankki will make 27 employees redundant following an internal restructuring. The reason for the internal restructuring is changing customer behaviour as transactions are increasingly being done online through self-service procedures. The bank will discontinue or merge operations at 11 different branches leading to new job descriptions for 20 employees and 27 redundancies. The job cuts will be implemented during the remaining part of 2016.
Eurofound (2016), Oma Säästöpankki, Internal restructuring in Finland, factsheet number 89136, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89136.