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 Nordic network operator Telia will cut up to 110 employees as part of an internal reorganisation, whereby the company plans to relocate posts and build new units. However, the number is expected to be smaller due to new tasks being created. Notably, administrative functions in Kuopio and Hämeenlinna are probably to be terminated. Most of the approximately dozen administrative employees in Kuopio and a handful in Hämeenlinna will be offered new jobs in other locations. The company says the reorganisation aims at a more efficient and manageable activity model in product development, marketing and customer service support functions, among other things.
Telia announced in July it would carry out reorganisation measures especially in Sweden, but also in other countries during the second half of 2017. The reorganisation is due to a need for cost reductions following declining turnover and profits.
Update, 20/12/2017: Following concluded employer-employee negotiations, Telia announces it will reduce up to 65 jobs instead of the originally announced 110. The final number of reductions may still decrease, depending on the new posts that will be opened at the same time. The administrative function in Kuopio and Hämeenlinna will be terminated as announced.
Eurofound (2017), Telia, Relocation in Finland, factsheet number 92343, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/92343.
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