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.
Oulun yliopisto (University of Oulu) has announced redundancies of up to 130 persons among 1,700 staff. The university has initiated negotiations with employee representatives on the proposed cuts.
The university has approximately 3,100 employees of whom 1,700 are subject to redundancy talks. Out of them, up to 130 positions are to be cut. The university is seeking annual savings of €5.5 million, since it has recently lost €10 million of state budget funding. Redundancy negotiations focus on units that are expected to run a deficit. The talks are set to conclude on April 22 and the university could make decisions on redundancies in early May.
Eurofound (2014), Oulun yliopisto, Internal restructuring in Finland, factsheet number 76666, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76666.
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