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.
On 23 September 2005 the manufacturer of steel Ovako, started codetermination negotiations with the employees in order to cut alltogether 585 jobs in Sweden and in Finland of the total 4,600 vacancies. Some 80 employees will be made redundant from the Imatra unit, which has 650 employees.
Eurofound (2005), Ovako, Internal restructuring in Finland, factsheet number 62293, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62293.