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 / Computing 62 - Computer programming, consultancy and related activities 62.1 - Computer programming activities 62.10 - Computer programming activities
80 jobs Number of planned job losses
Announcement Date
20 April 2026
Employment effect (start)
1 June 2026
Foreseen end date
1 December 2026
Description
Qt Group, a Finnish software company, has announced a reduction of about 200 jobs globally, including a maximum of 80 positions in Finland. The company, which employs 1 100 staff worldwide, of which 288 are in Finland (2025), will carry out extensive restructuring aimed at achieving approximately 20 million euros of annual cost savings and responding to market shifts while leveraging synergies from acquisitions. Cooperation negotiations began in late April 2026 and are expected to take six weeks. The negotiations cover all of the company's staff in Finland and all locations.
Citation
Eurofound (2026), Qt Group, Internal restructuring in Finland, factsheet number 300234, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300234.
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...