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 10 November 2005 the steel manufacturer Outokumpu started codertemination negotiations with its employees in order to cut 300 jobs in Finland. The company launched earlier in fall 2005 a cost saving programme in order to cut the fixed costs by 10%.
On 4 January 2006 Outokumpu informed as a result of the codetermination negotiations that 314 employees would be made redundant in Finland.
Eurofound (2005), Outokumpu, Internal restructuring in Finland, factsheet number 62508, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62508.