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.
The Federation of Education in Jokilaaksot, JEDU, has announced that it will initiate employer-employee negotiations at the end of October 2016 with the intention of cutting 60-70 full time positions. The reason for the redundancies are lowered grants from the Finnish government, which have resulted in redundancies throughout Finland. JEDU will receive between €4-5 million less funding for vocational training during 2017 compared to 2016. From 2013-2017, the funding JEDU receives per student has decreased by more than 20%.
The ERM has previously reported on major cost-saving schemes at a number of Finnish universities following funding cuts from the Finnish government. The Finnish government is in total reducing grants to Finnish universities by €600 million from 2016-2020, leading to redundancies at many of the 14 Finnish universities and a number of vocational schools and other educational facilities. The ERM has reported on ongoing and completed employer-employee negotiations at University of Helsinki, Aalto University, Åbo Akademi, the University of Eastern Finland and Lappeenranta University of Technology.
Updated, 9/3/2017;Following concluded employer-employee negotiations 63 full time positions will be cut at JEDU. Of the 63 dismissed full time employees, 13 will be re-hired as part-time workers.
Eurofound (2016), JEDU, Internal restructuring in Finland, factsheet number 88969, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88969.
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