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.
John Deere Forestry, a subsidiary of John Deere Group, has announced plans for 97 redundancies (73 permanent and 24 agency workers). The company has concluded negotiations with employee representatives on the cuts. Subject to negotiations was the entire 700 staff in Finland.
The company states that it needs to adjust its costs and personnel to the declining market. In Joensuu, 47 positions will be lost and 26 in Tampere. The company will also reduce subcontracting by 24 full-time-equivalents.
In 2012, the company made a decision to temporarily lay off 320 employees for up to 90 days. The company also carried out a restructuring plan in 2009 (see John Deere Forestry-2009).
John Deere Forestry has its headquarters in Tampere, Finland and a forestry machine production facility in Joensuu.
Eurofound (2013), John Deere Forestry, Internal restructuring in Finland, factsheet number 75114, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75114.
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