Hex

Type
Merger/Acquisition
Country
Finland
Region
Manner-Suomi; Helsinki-Uusimaa; Helsinki-Uusimaa
Location of affected unit(s)
Helsinki
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
60 jobs
Number of planned job losses
Job loss
Announcement Date
22 October 2003
Employment effect (start)
Foreseen end date
1 March 2004

Description

The Finnish exchange operator Hex has annnounced to start cooperation talks with its personnel in order to cut 60 jobs. This is due to its merger with the Swedish service provider OM Technology to form OMHEX, a provider of marketplace services and solutions for the financial and energy markets in Northern Europe. Most of the job cuts will be within the technical activities.

Sources

  • 22 October 2003: Helsingin Sanomat

Citation

Eurofound (2003), Hex, Merger/Acquisition in Finland, factsheet number 59838, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59838.