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.
The telecommunication company DNA has concluded personnel negotiations with a total of 103 jobs being cut. The company announced cuts of "some 100" in Januaru 2009.
The purpose of this restructuring process was to create one entity with a clear and uniform operating process, in order to secure our competitive ability in an extremely tough competitive situation, says Riitta Tiuraniemi, DNA President & CEO.
In Finland the job cuts will affect following units:
Lahti, 25 employees Oulu, 17 Kuopio, 14 Pori, 11 Raisio, 10
In other units the cuts will remain under 10 employees per unit.
DNA Group's mobile, fixed network and store businesses will be merged into one operational entity. This business restructuring is a follow-up of the change implemented on 1 July 2007, involving the combination of six regional telephone companies' local fixed-network businesses into DNA, which had been a mobile operator until then.
DNA Group employs a total of 980 employees in nine localities in Finland.
Eurofound (2009), DNA, Internal restructuring in Finland, factsheet number 67981, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67981.
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...
