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 ICT company Tieto has concluded employer-employee negotiations and will terminate up to 178 employees. The redundancies are due to an annual savings program of €40 million. Mainly employees working with technological services and development will be affected by the redundancies. Tieto will announce the final number of redundancies in the interim report which will be published by the end of April 2017.
Eurofound (2017), Tieto, Internal restructuring in Finland, factsheet number 90718, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90718.