Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

160 jobs
Number of planned job losses
Job loss
Announcement Date
31 May 2004
Employment effect (start)
Foreseen end date

Description

Finnet has announced it would start cooperation talks with its personnel in June 2004. It is estimated that 230 jobs will be cut. Increasing competition among the teleoperators is the reason for this cost saving programme. On 22 July 2004, as n result of the cooperation talks, Finnet has decided to cut its labour force by 160 employees. Direct dismissals concern 39 employees. The rest of the reductions will be carried out by outsourcing and ending the fixed term contracts.


Sources

  • 22 July 2004: Helsingin Sanomat
  • 31 May 2004: Helsingin Sanomat

Citation

Eurofound (2004), Finnet, Internal restructuring in Finland, factsheet number 60358, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60358.