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.
In an effort to improve efficiency and flexibility, Microcell has announced its plan to close its facilities in Espoo and Turku, Finland. The company wants to consolidate its Finnish operations to its facilities in Oulu and Kuopio. Microcell has initiated cooperation negotiations with its personnel regarding this plan.
According to the company, the announcement is part of a broader efficiency initiative that was introduced internally earlier this year.
The restructuring is expected to create 120 - 180 redundancies.
Eurofound (2003), Microcell, Internal restructuring in Finland, factsheet number 59758, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59758.
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...
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