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.
Education Education Vet, Higher And Tertiary Education 85.32 - Technical and vocational secondary education
35 jobs Number of planned job losses
Announcement Date
12 May 2017
Employment effect (start)
Foreseen end date
Description
Satakunta Educational Federation (Sataedu) has initiated employer-employee negotiations aiming to cut up to 35 positions. The redundancies are due to diminishing funding for vocational education; funding has dropped by 14% since 2016. Currently the Satakunta Educational Federation has a budget deficit of nearly €1 million and between €2.3-€2.8 million needs to be saved in order to balance the 2017-2018 budget. The redundancies will be executed through layoffs, part-time adjustments and terminations. Negotiations will be completed after the summer in August-September 2017.
Sources
12 May 2017: Press Release SATAEDU (Satakunta Educational Federation)
12 May 2017: Länsi Soumi
Citation
Eurofound (2017), Satakunta Educational Federation, Internal restructuring in Finland, factsheet number 91052, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91052.
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