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.
Fazer, which provides meals, bakery products, and confectioneries, will layoff 250 workers in the group's Finnish, Swedish, Russian, and Baltic departments. The restructuring is the result of the company's effort to become more efficient by creating new operative models and dismantling overlaps in business operations. The layoffs will affect white-collars and upper white collar workers. Negotiations will begin in the near future with the personnel whom the change will affect.
[Fazer is restructuring their organisation to become more efficient: creating new operative models and dismantling overlaps in business operations will cause ca 250 redundancies in the Group's Finnish, Swedish, Russian and Baltic organisations. The possible lay-offs will affect white-collars and upper white-collars. Negotiations will be started in the near future with those personnel groups whom the change will affect. The Fazer Group offers meals, bakery products and confectionery, and it operates in a total of eight countries. Fazer Confectionery is Finland's leading confectionery company and a strong player in the Baltic Sea region.]
Eurofound (2009), Fazer, Internal restructuring in World, factsheet number 69563, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69563.
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