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.
Finnair Tekniikka, a maintenance subsidiary of air carrier Finnair, has announced redundancies of up to 280 employees. The company has started negotiations with employee representatives on the cuts.
The redundancies result from Finnair's decision to outsource its engine maintenance to a Swiss company. The company states that the volume of its engine maintenance activities is not sufficient to maintain competitiveness. In 2011, Finnair stopped selling maintenance services to other airlines and reduced 450 jobs (see previous announcement). The company will still keep daily maintenance activities.
Finnair's unions reacted to the news of further cuts with a walk-out. Employee representatives have stressed the resulting risks to Finnair and the country as important skills may be lost in the long run.
Eurofound (2012), Finnair Tekniikka, Offshoring/Delocalisation in Finland, factsheet number 73451, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73451.
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