Tieto

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62.2 - Computer consultancy and computer facilities management activities
62.20 - Computer consultancy and computer facilities management activities
180 jobs
Number of planned job losses
Job loss
Announcement Date
17 May 2013
Employment effect (start)
31 August 2013
Foreseen end date

Description

IT service provider Tieto has announced up to 180 redundancies in Finland. The company has initiated negotiations with employee representatives on the cuts.

Tieto has approximately 5,300 employees in Finland. The proposed redundancies will affect consultation and systems integration businesses, which have approximately 1,750 employees.

In 2012 Tieto combined those operations and now reports that its capacity in those areas exceeds market demands. In 2012, Tieto also cut 500 jobs (Tieto-2012).

Sources

  • 17 May 2013: Taloussanomat
  • 17 May 2013: Tietoviikko
  • 17 May 2013: Helsingin Sanomat

Citation

Eurofound (2013), Tieto, Internal restructuring in Finland, factsheet number 75438, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75438.