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.
Posti, the state owned postal company under the universal postal obligation in Finland, is making two changes to their business and will reduce its staff by 130 workers.
The first is that they will stop delivering mass delivery of advertisements and unaddressed mass mailings, such as free newspapers without a named recipient. This change is starting in the beginning of 2025.
The second change is a reorganisation of their postal center in Tampere. This change is due to investments in new sorting machines that will improve the efficiency in mail handling, and due to centralisation of mail handling to the city of Helsinki.
Change negotiations have started 6th of May 2024, and the estimated staff reduction is a maximum of 130 workers, primarily concentrated to the postal office in Tampere.
Updated 26/8/24
Posti has concluded the cooperation negotiations and the number of redundancies have decreased significantly from original estimates. At the start of the negotiations, the total number of reductions in the Tampere postal center was estimated at a maximum of 120. During the negotiations, the estimated need for redundancies was reduced to a maximum of 34 people. For unaddressed deliveries, the overall reduction was estimated at a maximum of 130 at the start of the negotiations. During the negotiations, the estimated need for redundancies was reduced to a maximum of 3 people. To recap: following negotiations, the total number of job cuts is now expected to be 37.
Eurofound (2024), Posti, Internal restructuring in Finland, factsheet number 201155, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201155.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
