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.
Finland-based financial services group Nordea has announced that it will cut a total of 368 IT jobs at its European units.
The restructuring programme will affect employees in Poland and the Nordic countries, including Finland where 32 positions are to be cut. The company plans to outsource some positions to other countries, mainly India. In Finland, negotiations with employees’ representatives were initiated on 4 January 2020 and are expected to take six weeks.
Nordea operates in 20 countries employing 29,300 people: in Europe, it had 28,748 employees at the end of 2019.
Eurofound (2021), Nordea, Outsourcing in European Union, factsheet number 103176, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/103176.
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