Tieto Czech

Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
Sector
Information / Communication
Information Service Activities
Information Service Activities
63 - Information service activities
250 jobs
Number of planned job losses
Job loss
Announcement Date
10 April 2019
Employment effect (start)
Foreseen end date
31 December 2019

Description

The subsidiary of the Finnish IT services company, Tieto, has announced plans to reduce its personnel in Czechia by the end of 2019. The 250 job cuts out of 2,700 staff are expected to affect all business units apart from Product Development Services (PDS). Moreover, 210 employees in Finland and 160 in Sweden will be made redundant.

The dismissals are part of the global organisational changes declared by the company earlier this year. As part of its new strategy, Tieto has decided to remove matrix organisational structures and introduce a simplified and increasingly agile operating model. These changes are said to be essential for long-term competitiveness.

Sources

Citation

Eurofound (2019), Tieto Czech, Internal restructuring in Czechia, factsheet number 97545, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97545.