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.
Government IT Centre Valtori is planning job cuts and has initiated cooperation negotiations. The negotiations may lead to the dismissal of up to 160 people and material changes to the terms and conditions of employment. All Valtori employees, 1,660 people in total, are within the scope of the collective consultation process, which started on 5 November, 2024.
Valtori gets most of its’ revenue from billing other government bodies, which are facing budget cuts. Thus, Valtori is preparing itself for a reduced revenue stream and thus cutting costs by letting go personnel.
Valtori operates across 25 locations in Finland.
Update, 2025-01-22
Valtori has concluded cooperation negotiations and the maximum number of dismissals has been reduced from 160 to 138. There is still ongoing investigations on whether new job descriptions can be offered to employees facing redundancy.
Eurofound (2024), Valtori, Internal restructuring in Finland, factsheet number 201878, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201878.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
