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.
Pharmaceutical distribution company, Oriola, has initiated cooperative negotiations with its employees in Finland which are expected to lead to the loss of 50-65 jobs. Oriola employs a total of 505 people in Finland. The restructuring is needed to increase profitability in order to face the tougher competition on the global market.
Update, 16-03-2015: Oriola has concluded its employer-employee negotiations and will cut 60 jobs.
Eurofound (2015), Oriola, Internal restructuring in Finland, factsheet number 78161, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/78161.
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