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.
Following concluded employer-employee negotiations, the Finnish office supportive functions company Grano Group announces the reduction of approximately 100 jobs, instead of the previously estimated 150. The reductions are part of a reorganising intended to streamline group-level operations and production. The reductions will be spread across various operating locations and will presumably be initiated in the final quarter of 2017. Expected cost savings from the job reductions and other restructuring measures mount to some €4 million.
Eurofound (2017), Grano Group, Internal restructuring in Finland, factsheet number 92404, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92404.