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.
Following the merger of Evli, a Finnish investment bank, with EAB, an American Consulting firm, cooperation negotiations were in process to achieve greater efficiency. The negotiations will result in the termination of 41 permanent positions. The company announced that it will seek to employ people for other vacancies within the group. The changes will take effect on 11 November 2022.
The reason for the negotiations was the aim of the reorganisation plan created in May 2022. The company's goal is to streamline and improve the efficiency of its organisation. The company has not announced more specific reasons for the changes.
Evli Plc is an investment institution providing investment and savings services to individuals, institutions and companies. The company operates in Finland, Sweden, the Baltic states and Russia.
Eurofound (2022), Evli Plc, Merger/Acquisition in Finland, factsheet number 107717, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107717.