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.
Finnish IT product development and consultation services company Tieto has started employer-employee negotiations in its product development units in Finland. A maximum of 350 jobs will be cut in Finland. Additionally, the company also announced that a maximum of 600 jobs will be cut from its international units in Central Europe and Asia. The cuts are due to the fact that customers have taken back product development to be carried out by own staff. The cuts are to be finalised within the coming six months.
Tieto employs around 4,000 people in Finland and 14,000 people globally.
For previous restructuring events see 2013, 2014 and 2014 .
Update, 14-11-2014:The negotiations were concluded on Friday 14 November 2014. The outcome was a reduction of 300 jobs, 50 less than the initial estimate. The restructuring will primarily affect research and development units in Tampere, Oulu and Espoo.
Eurofound (2014), Tieto, Internal restructuring in Finland, factsheet number 77639, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77639.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
