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.
Information technology company TietoEVRY has announced plans to cut around 250 positions worldwide in the Transform business area. Around 80 positions will cut in Sweden (TietoEVRY-SE-2022), 40 positions in Finland, 20 positions in Norway and 110 positions in India. The company has initiated cooperation negotiations and aims to complete the restructuring by the end of October 2022, however the exact timeline will depend on the legislation in each country.
The internal restructuring is related to the current economic situation, which includes increased high productivity requirements and unprecedented costs and wage inflation.
TietoEVRY underwent internal restructuring also early this year, cutting 600 jobs in Nordic countries (TietoEVRY-2022-WO).
TietoEVRY is a leading Nordic technology company with the headquarter in Helsinki, Finland providing services to thousands of businesses and public-sector customers in over 90 countries. TietoEVRY employs 24,000 people globally.
Eurofound (2022), TietoEVRY, Internal restructuring in World, factsheet number 107406, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107406.